IMF raises India’s growth forecast to 7% for 2026-27 from 6.4%

The International Monetary Fund IMF raised India’s growth forecast for FY27 to 7%, up from its July projection of 6.4%.
The IMF attributed the upgrade to resilient domestic demand, thriving services activity, favorable demographics, and ongoing structural reforms.
The revised outlook comes despite higher oil prices, with crude expected to average roughly $96 per barrel in 2026.
The IMF sees the world economy growing 3.1% in 2026, well below India’s pace.

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