IMF: India to be fastest-growing major economy through FY28
New Delhi, July 9 -- India will remain the fastest-growing among major economies over the next two years, the International Monetary Fund (IMF) said on Wednesday, even as it marginally lowered the country's near-term growth forecast amid higher energy prices and continued geopolitical uncertainty.
The July 2026 update of the IMF World Economic Outlook (WEO) projects India's economy to grow by 6.4% in 2026-27, 0.1 percentage point lower than forecast in April. Growth is expected to accelerate to 6.7% in 2027-28, an upward revision of 0.2 percentage point. "India remains among the fastest-growing major economies, with growth projected at 6.4 percent, supported by strong momentum in private consumption and services activity," said the report....
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