IMF raises India’s FY27 growth forecast to 7%
The International Monetary Fund has increased India's economic growth projections for FY27 and FY28 to 7%. This adjustment reflects resilient domestic demand and strong performance in the services sector. India's GDP growth reached 7.8% in FY26, exceeding expectations during the April-June quarter. Additionally, other major institutions like the World Bank have raised India's growth forecasts as…
The International Monetary Fund (IMF) has raised India’s growth forecast for the fiscal year 2027 (FY27) to 7%, up from the previous estimate of 6.4%. This upward revision is attributed to resilient domestic demand and strong services activity, positioning India among the fastest-growing major economies globally. The IMF's latest World Economic Outlook (WEO) also upgraded India's FY28 growth projection to 7%, reflecting a robust economic momentum supported by favorable demographic trends, a large expanding domestic market, and ongoing structural reforms.
This upgrade contrasts with broader downward revisions for economies impacted by the Middle East conflict and energy-importing emerging markets, highlighting India's strong growth potential amidst global economic challenges.
Brief written by urgent.news from The Economic Times - Economy's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- India's economic story in fast lane, IMF projects 7% GDP growth for FY26 and FY27 timesofindia.indiatimes.com
- IMF sees India bucking global slowdown, raises 2026 growth forecast to 7% economictimes.indiatimes.com
- IMF raises S. Korea's growth forecast to 3.3 pct amid chip supercycle en.yna.co.kr
