IMF Cuts India's FY27 Growth Forecast To 6.4%, Raises FY28 Outlook

The IMF lowered India's FY27 growth forecast to 6.4% from 6.5%, but raised FY28 estimates to 6.7%. It said India remains among the fastest-growing major economies, supported by strong private consumption and services. Global growth is expected to slow to 3.0% in 2026 due to Middle East tensions, though AI-driven demand may partially offset the impact.