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News Topical, Digital Desk : The International Monetary Fund (IMF) revised its projections in the World Economic Outlook report released on January 19, and expects India's economy to grow faster in the next financial year. The IMF has revised India's growth forecast upwards.
The IMF expects India's GDP to grow by 7.3 percent in FY26, up 0.7 percentage points from its October estimate. Furthermore, growth for FY27 has also been raised to 6.4 percent from the previous estimate of 6.2 percent. The IMF expects growth to stabilize at around 6.4 percent in FY28 as temporary and cyclical supports dissipate.
IMF happy with better Q3 results
"In India, growth for 2025 has been raised by 0.7 percentage points to 7.3 percent, reflecting better-than-expected results in the third quarter of the year and strong momentum in the fourth quarter," the IMF said. It also said growth is projected to moderate in the coming years as the boost from favorable base effects and short-term drivers fades.
India's economy performed better than expected in the first six months of the year, growing at over 8 percent. In its first advance estimates released on January 6, the government projected growth for FY26 at 7.4 percent, broadly in line with the IMF's revised outlook.
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