IMF raises India's economic growth estimate to 7% for FY27

The International Monetary Fund (IMF) has raised India's GDP growth forecast to 7 per cent for 2026-27, up from 6.4 per cent in July. The fund noted stronger-than-expected momentum, supported by resilient domestic demand and robust services activity.India stands out with upward revisions, reflecting sustained momentum and growing evidence of stronger growth potential supported by favourable demographic dynamics, a large and expanding domestic market, and continued structural reforms, IMF said in an update to its flagship World Economic Outlook report. Domestic GDP growth for 2027-28 is also projected at 7 per cent, up from the July estimate of 6.7 per cent.

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