India, April 14 -- The International Monetary Fund (IMF) on Tuesday, April 14, revised and upgraded India's growth projection to 6.5% for the financial year 2026-27, which means a 0.1 percentage point from the previous projection, made in January. The apparent reason is the decline in US tariffs on Indian goods from 50% to 10%. This would net-net offset the adverse impact of the ongoing West Asia conflict triggered by US-Israeli strikes in Iran in February.
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