BusinessPhoto: News18 BusinessIMF Raises India's Growth Forecast to 7% for 2026 and 2027
The IMF has upgraded India's GDP growth forecast to 7% for both 2026 and 2027, up from earlier estimates of 6.4% and 6.7%, respectively. This revision reflects strong domestic demand and services activity despite high oil prices and geopolitical risks. India's Q1 FY27 GDP grew 7.8%, and the RBI also raised its FY27 growth forecast to 7.1%. Globally, growth is projected at 3.1% in 2026 and 3.4% in 2027 with inflation at 4.7%.
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