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The IMF raised India’s FY27 growth forecast to 7% from 6.4%, pointing to resilient domestic demand and strong services activity.
The revision was presented alongside a broader World Economic Outlook that put global growth at 3.1% for 2026, with warnings about slower momentum and lingering risks.
Several reports said India’s outlook reflects strong economic momentum, with one noting first-quarter growth of 7.8% and another saying India remains vulnerable to higher crude oil prices.
The IMF also flagged risks from global uncertainty, geopolitical tensions, higher energy costs, and external imbalances.
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Some coverage said the IMF raised India’s FY28 growth forecast to 7% as well, while inflation was projected at 5% in FY27.
One report said Union Commerce and Industry Minister Piyush Goyal welcomed the projection.