IMF sees India bucking global slowdown, raises 2026 growth forecast to 7%
IMF projects India's growth for 2026 at 7%, up from previous estimates. This revision is attributed to resilient domestic demand and robust services activity. Other agencies, such as the World Bank, also raised their growth forecasts, reflecting confidence in India's economic stability. Despite challenges like higher oil prices, India's growth outlook remains significantly improved. However,…
The International Monetary Fund (IMF) has raised India's growth forecast for 2026 to 7%, up from the previous estimate of 6.4%, citing stronger-than-expected momentum, resilient domestic demand, and robust services activity. This upgrade sets India apart from several energy-importing emerging economies facing a weaker medium-term outlook.
The IMF's assessment highlights India's improved longer-term prospects due to sustained momentum, favorable demographics, a large expanding domestic market, and ongoing structural reforms.
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 raises S. Korea's growth forecast to 3.3 pct amid chip supercycle en.yna.co.kr
- IMF raises India’s FY27 growth forecast to 7% economictimes.indiatimes.com
