BusinessPhoto: News18Hi BusinessIMF Raises India's GDP Growth Forecast to 7% Amid Global Tensions
The International Monetary Fund (IMF) has raised India's GDP growth forecast for fiscal year 2027-28 from 6.7% to 7%. The growth estimate for FY 2026-27 is also maintained at 7%. Strong domestic demand, a booming services sector, investment, and private consumption are supporting the economy. The World Bank has similarly increased its FY27 growth forecast to 7.1%. However, expensive crude oil, rising inflation, and global tensions pose risks to economic growth.
News18Hi Business·




