IMF raises India's GDP growth forecast to 7% for 2026-27
The International Monetary Fund (IMF) has increased India's GDP growth forecast to 7% for the fiscal year 2026-27, up from a previous estimate of 6.4%. This revision was detailed in the IMF's World Economic Outlook report and is attributed to stronger-than-expected economic momentum driven by resilient domestic demand and robust services activity. Additionally, the IMF noted that India's growth potential is bolstered by favorable demographic trends, an expanding domestic market, and ongoing structural reforms. The updated forecast follows the Reserve Bank of India's recent monetary policy meeting, which also raised its GDP growth estimate for the current financial year to 7.1%.
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