IMF Global Growth Outlook: Fragile at 3.2%, India Sees Upgrade 📈

• The International Monetary Fund (IMF) pegs global growth to hold steady at 3.2% in 2025, but the outlook is deemed fragile. • Key Risks: Trade tensions and China’s slowing, export-reliant model are weighing on demand. An escalation of tariffs could cut global output by about 0.3 percentage points. • India's Performance: • India's 2025-26 growth projection was revised upward by 0.2 percentage points to 6.6%. • Domestic momentum, driven by resilient private consumption (7.8% in Apr-Jun quarter), is expected to offset external drag from higher US tariffs. • China's Challenges: • China faces persistent property-sector weakness, soft domestic demand, and a risk of debt deflation. • The IMF urged China to pivot towards consumption-led growth, flagging risks of misallocation from large subsidies in sectors like EVs and solar.