BusinessPhoto: News18Hi BusinessIMF Revises India's $5 Trillion GDP Target to 2029 Due to Rupee Weakness
India is projected to become the world's fourth-largest economy by 2027, surpassing Japan and the UK. However, the $5 trillion GDP target is now expected in 2029 instead of 2028. The IMF lowered India's 2028 GDP estimate to $4.996 trillion due to rupee depreciation reducing the dollar value of GDP. Despite this, the IMF raised India's growth forecast to 7% for FY 2026-27.
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