India, Oct. 14 -- Despite global headwinds, the International Monetary Fund (IMF) has raised India's GDP growth forecast to 7 per cent for 2026-27, up from 6.4 per cent in July. It also rated India among the fastest-growing major economies despite growing uncertainties.

The revision in the estimate comes on the back of a "stronger-than-expected momentum, supported by resilient domestic demand and robust services activity". This comes just a week after the Reserve Bank of India (RBI) hiked its GDP growth estimate to 7.1 per cent for this year.

"India stands out with upward revisions, reflecting sustained momentum and growing evidence of stronger growth potential supported by favourable demographic dynamics, a large and expanding domestic...