Brief by Shorts91 Newsdesk / 03:41am on 02 Feb 2026,Monday India Global
Union Finance Minister Nirmala Sitharaman targeted the Opposition over India's economic performance, citing Elon Musk's post on IMF data showing India and China's dominant role in global growth. Speaking to university students after presenting Budget 2026-27, she highlighted that China contributes 26% and India 17% to global GDP growth, together accounting for 43%. Sitharaman urged the Opposition to acknowledge India's strengthened economic position, expressing confidence in bridging the gap with China. Musk had commented that "the balance of power is changing" when sharing the IMF chart. The IMF projects global growth at 3.3% in 2026, citing technology investment and fiscal support as key drivers despite geopolitical and trade risks.
