IMF raises India’s FY27 growth forecast by 60 bps to 7% on strong domestic demand
The International Monetary Fund (IMF) raised its forecast for India's GDP growth in FY27 to 7% from 6.4% due to strong domestic demand. This revision follows a previous downgrade and aligns with optimistic projections from other institutions like the Reserve Bank of India and the World Bank. Sustained economic momentum will be crucial for maintaining this growth trajectory.