October 13, 2026 9:31 AM
IMF raises India’s growth forecast to 7% for 2026, keeps it among fastest-growing major economies
The International Monetary Fund (IMF) on Tuesday raised India's economic growth forecast to 7 per cent for 2026, citing stronger-than-expected domestic demand and robust services activity, even as the conflict in the Middle East and elevated oil prices weigh on the global economy. In its October 2026 World Economic Outlook (WEO), the IMF projected India's growth at 7 per cent in both 2026 and 2027 on a fiscal-year basis, keeping the country among the world's fastest-growing major economies. Th...