IMF backs India's GDP calculation changes, says reforms follow global standards
- The International Monetary Fund IMF praised India's updated Gross Domestic Product GDP calculation methods and economic strength.
- • The IMF raised India's growth forecast to 7% for both 2026–27 and 2027–28, supported by strong spending and business activity.
- IMF said India's economy handled rising oil prices well, while rupee fluctuations do not necessarily mean economic weakness.
- The IMF welcomed India's revised GDP calculation methods, saying they follow international standards and improve economic data.
Source: economictimes.indiatimes.com
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