New Delhi, Oct. 14 -- International Monetary Fund (IMF) Managing Director Kristalina Georgieva has highlighted India as a key engine of world economic growth. Georgieva made the comments on Monday at the IMF-World Bank Annual Meetings in Washington, DC.

"Global growth is forecast at roughly 3% over the medium term - down from 3.7% pre-pandemic. Global growth patterns have been changing over the years, notably with China decelerating steadily while India develops into a key growth engine," noted the IMF Chief.

Georgieva outlined four main factors contributing to the current economic resilience observed globally:

However, she cautioned that this resilience "has not yet been fully tested," suggesting that the ease of financial conditions ...