📷 Image: Wikimedia Commons / International Monetary Fund
Business
IMF Raises India's 2027 GDP Forecast to 7% from 6.4%, Anticipates Continued Momentum in 2028
✍️ News18
🗓 13 Oct 2026, 08:33 AM
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The International Monetary Fund has revised its growth projection for India in FY27 upward to 7% from 6.4%, signalling confidence in the country’s economic trajectory and expecting the momentum to sustain into FY28.
The International Monetary Fund (IMF) has updated its forecast for India’s growth in the fiscal year 2027, raising the projected GDP growth rate to 7% from the previous estimate of 6.4%. The revision reflects the IMF’s assessment of robust domestic demand and a resilient manufacturing sector.
The upgraded outlook follows a series of policy measures aimed at boosting investment and consumption, and the IMF notes that these factors are likely to sustain the growth trajectory into the next fiscal year. The organization highlighted that India’s economic momentum is expected to continue in FY28, maintaining a positive outlook.
Analysts point out that the higher forecast could influence investor sentiment, potentially leading to increased capital inflows and a stronger currency. It also underscores the importance of maintaining macro‑economic stability and structural reforms to keep growth on track.
The IMF’s assessment comes at a time when India is navigating global supply chain disruptions and inflationary pressures, yet the agency remains optimistic about the country’s ability to manage these challenges while delivering solid growth.
The upgraded outlook follows a series of policy measures aimed at boosting investment and consumption, and the IMF notes that these factors are likely to sustain the growth trajectory into the next fiscal year. The organization highlighted that India’s economic momentum is expected to continue in FY28, maintaining a positive outlook.
Analysts point out that the higher forecast could influence investor sentiment, potentially leading to increased capital inflows and a stronger currency. It also underscores the importance of maintaining macro‑economic stability and structural reforms to keep growth on track.
The IMF’s assessment comes at a time when India is navigating global supply chain disruptions and inflationary pressures, yet the agency remains optimistic about the country’s ability to manage these challenges while delivering solid growth.