IMF raises India growth forecast to 7%, warns of fragmented global outlook
The International Monetary Fund (IMF) raised India's GDP growth forecast to 7% for 2026-27, up from 6.4% in July, citing stronger domestic demand and robust services activity. The Reserve Bank of India also revised its forecast to 7.1%. The IMF expects growth to remain at 7% in 2027-28, assuming an average crude oil price of $95.74 per barrel.