New Delhi, Oct. 14 -- The International Monetary Fund's (IMF) October review of the global economy forecasts India's economy growing 7% in 2026-27 as well as 2027-28, up from its earlier projections of 6.4% and 6.7%, respectively. Given the turbulence around the world, such a pace would be impressive, at least in relative terms.

For China, the IMF lowered its growth outlook to 4.5% in 2026 and 4% in 2027. That reflects weakness in its domestic economy as much as the size that China's output has already achieved: at nearly $20 trillion in 2025, roughly two-thirds of America's.

More broadly, the IMF report shows that the global economy has held up despite this year's energy and other shocks. But this resilience is becoming more fragile an...