IMF: India's growth forecast cut to 6.4%; higher energy prices to weigh on economy

The International Monetary Fund (IMF) has marginally lowered India's FY27 GDP growth forecast to 6.4% from 6.5%, while maintaining that India remains one of the world's fastest-growing major economies. The IMF expects strong private consumption and the services sector to continue supporting growth and has raised India's FY28 growth projection to 6.7%. Globally, the IMF has cut its 2026 growth forecast to 3%, citing risks from geopolitical tensions and higher energy prices.

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