IMF Raises India’s Growth Forecast to 7.3% for Fiscal 2025-26
New Delhi- The International Monetary Fund (IMF) has increased India’s growth projection to 7.3% for fiscal year 2025-26, marking a 0.7 percentage point rise from its previous forecast in October. This upward revision is attributed to the strong performance of the Indian economy.
The IMF has also revised India’s Gross Domestic Product (GDP) growth forecast to 6.4% for fiscal year 2026-27, surpassing its earlier estimate of 6.2%.
The IMF’s World Economic Outlook (WEO) update stated, “In India, growth is revised upward by 0.7 percentage point to 7.3% for 2025 (fiscal FY26), reflecting the better-than-expected performance in the third quarter and strong momentum in the fourth quarter.”
However, growth is expected to moderate to 6.4% in 2026-27 and 2027-28 as cyclical and temporary factors diminish, according to the IMF.
During April-September of 2025-26, India’s GDP recorded a growth rate of 8%, supported by a robust 8.2% growth in the July-September period, as per India’s statistics ministry.
The IMF update also mentioned that global growth is projected to remain stable at 3.3% in 2026 and 3.2% in 2027.
In emerging market and developing economies, growth is anticipated to stay slightly above 4% in both 2026 and 2027.
Furthermore, global headline inflation is forecasted to decrease from an estimated 4.1% in 2025 to 3.8% in 2026 and further to 3.4% in 2027, as per the IMF.
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