New Delhi . India remains the main engine of global growth and the country’s share in world GDP growth has increased to 17 percent. This statement was given by Finance Minister Nirmala Sitharaman. Finance Minister Sitharaman said that a chart of the International Monetary Fund (IMF) was shared by billionaire businessman Elon Musk, in which it was told that India and China account for 43 percent of the world’s GDP growth. While interacting with students in Parliament after presenting the Union Budget 2026-27, the Finance Minister talked about IMF data while citing Musk’s post.
The chart showed that China’s contribution to the world’s GDP growth is 26 percent, while India’s contribution is 17 percent. Both emerging economies of Asia are overtaking America in world GDP growth.
The Finance Minister said that this shows how the center of economic power in the world is gradually shifting. It also shows the strength of India’s economy.
However, Finance Minister Sitharaman admitted that China’s contribution is currently higher, but India is continuously reducing the gap and expressed confidence in the country’s long-term growth path.
Finance Minister Sitharaman said, “India should be proud that it is now playing such an important role in global GDP growth along with its neighboring country.”
The Finance Minister stressed that Indians should have confidence in their economy, and pointed out that India is now the epicenter of global economic expansion.
Finance Minister Sitharaman said that the country is going through a phase where its development story is being paid attention and discussed across the world.
Elon Musk shared the chart originally posted by World of Statistics, saying the global balance of power is changing.
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