India has forecasted its economy to grow between 6.8% to 7.2% in the fiscal year 2027, outpacing most major economies.
The world’s fourth-largest economy is targeting this growth on the back of a stable domestic economy and fewer external uncertainties as it aims to conclude a trade deal with the U.S. “this year,” India’s finance ministry said in its economy survey for the financial year 2026.
India is expected to remain the fastest-growing economy in the world, according to the International Monetary Fund, which has pegged its growth at 6.4% in 2026 and 2027. In contrast, the IMF projects the world economy to grow by 3.3% in 2026, marginally shrinking to 3.2% in 2027. Major economies like Germany, the U.K and Japan are likely to grow in the low single digits.
The outlook for the Indian economy in the next fiscal year is “one of steady growth amid global uncertainty, requiring caution, but not pessimism,” the report said.
As reported earlier this month, India’s economy is projected to grow 7.4% in the fiscal year ending March 2026, higher than the 6.5% growth in the last fiscal.
