IMF raises India's growth forecast for FY27 and FY28 amid strong domestic demand, credits AI for helping world economy
The International Monetary Fund (IMF) raised India's growth forecast to 7% for FY27 and FY28, up from earlier estimates of 6.4% and 6.7%. This adjustment reflects strong domestic demand and services activity, despite high oil prices and global tensions. The IMF's report, released during its annual meetings in Bangkok, also cautioned about potential risks associated with AI investments.