New Delhi, Oct. 13 -- The International Monetary Fund (IMF) has raised India's gross domestic product (GDP) growth forecast for FY27 by 60 basis points to 7 per cent, citing resilient domestic demand and robust services activity.

In its October 2026 World Economic Outlook (WEO), released on Tuesday, the Fund also raised its growth projection for FY28 by 30 basis points to 7 per cent, from 6.7 per cent estimated in July. The revisions reflect stronger-than-expected economic momentum, supported by domestic consumption and services activity, according to the report.

The IMF attributed India's growth potential to favourable demographic trends, a large and expanding domestic market, and continued structural reforms. India remains among the f...