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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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economictimes.indiatimes.com
IMF sees India among fastest-growing major economies despite trimming FY27 GDP growth projection to 6.4%
India's economy is anticipated to expand by 6.4 percent in fiscal year 2026-27, bolstered by strong private consumption and active service sectors. Although global growth is…
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IMF lowers 2026 global growth outlook to 3%, projects 3.4% growth in 2027
