New Delhi, Oct. 13 -- The International Monetary Fund (IMF) has raised its global growth forecast for 2026 to 3.1%. This is higher than its July estimate of 3%. However, growth remains below last year's 3.5%. The forecast for 2027 stays unchanged at 3.4%, CNBC reported. The IMF published estimates in its October World Economic Outlook.

Investment linked to artificial intelligence (AI) has helped support the world economy. It has partly reduced the damage caused by rising energy costs. Economic activity during the year's first half was stronger than expected. This happened despite the war in the Middle East and trade tensions.

IMF has raised India's growth forecast to 7% for both FY27 and FY28. Its earlier estimates were 6.4% and 6.7%, r...