Business · Economy · 1 hr ago
IMF raises India’s growth forecasts to 7% for FY27 and FY28
The International Monetary Fund has raised its forecast for India’s economy to grow by 7% in both FY27 and FY28.
Its earlier forecasts were 6.4% for FY27 and 6.7% for FY28.
Strong domestic demand and activity in services are expected to support growth.
The higher forecasts come despite high oil prices and global tensions.
The IMF also raised its forecast for global growth in 2026 to 3.1%, from 3% in July, while keeping its 2027 forecast at 3.4%.
It said investment linked to artificial intelligence has helped support the world economy, partly offsetting the effects of higher energy costs.
India’s inflation forecast is 4.7% for 2026 and 4.1% for 2027.
The forecasts point to continued growth, but the IMF says economic growth is becoming more concentrated in fewer countries.
The IMF raised India’s growth forecast to 7% for both FY27 and FY28.
Its previous forecasts were 6.4% for FY27 and 6.7% for FY28.
The IMF cited strong domestic demand and services activity as supporting India’s growth.
The revised forecasts come despite high oil prices and global tensions.
The IMF also raised its 2026 global growth forecast to 3.1%, from 3% in July.
- Who
- The International Monetary Fund (IMF).
- What
- It raised its growth forecasts for India to 7% for FY27 and FY28.
- When
- The IMF’s October World Economic Outlook was reported on October 13, 2026.
- Where
- India.
- Why
- Strong domestic demand and services activity are supporting growth.
This story does not have two clearly opposing sides.
The IMF’s previous India growth forecasts were 6.4% for FY27 and 6.7% for FY28.
The IMF’s October World Economic Outlook forecasts were reported, with India’s growth forecast raised to 7% for both FY27 and FY28.
- India, FY27 growth forecast
- 7%, up from 6.4%
- India, FY28 growth forecast
- 7%, up from 6.7%
- Global growth forecast, 2026
- 3.1%, up from 3% in July
- India inflation forecast, 2026
- 4.7%
- India inflation forecast, 2027
- 4.1%, up from 3.9% in July
Sources
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