IMF raises India's growth forecast to 6.5% for FY27

The International Monetary Fund (IMF) raised its forecast for India's economic growth in FY27 to 6.5%, up from 6.4% estimated in January. Strong carryover momentum from FY26 and the decline in additional US tariffs on Indian goods outweigh the adverse impact of the Middle East conflict, it said. It further estimated growth to hold steady at 6.5% in FY28.