IMF raises India growth outlook to 7% for this year and next
Healthy domestic demand and strong services keep India ahead of other large economies in the IMF's October outlook.
The International Monetary Fund has raised its forecast for India's growth in 2026-27 to 7%, from 6.4% earlier, in its October World Economic Outlook. It also lifted its projection for 2027-28 to 7%, from 6.7%.
The Fund pointed to healthy domestic demand and a strong services sector. The Reserve Bank of India has separately raised its own estimate for this financial year to 7.1%.
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The IMF expects India's current account deficit to widen to about 1.5% of GDP in 2026 before easing to 1.3% in 2027. High oil prices and geopolitical tensions were listed as the main risks.
Source: The Sunday Guardian