India, Oct. 13 -- The International Monetary Fund (IMF) has raised its forecast for India's economic growth to 7.0% in 2026, describing the country as one of the fastest-growing major economies despite global economic uncertainty, higher oil prices and the ongoing conflict in the Middle East. In its October 2026 World Economic Outlook (WEO), the Fund also projected India's growth at 7.0% in 2027 on a fiscal-year basis. The 2026 estimate is 0.6 percentage points higher than the July 2026 update and 0.5 percentage points above the April forecast. The projection for 2027 has been raised by 0.3 percentage points from July and 0.5 percentage points from April.

The IMF attributed the upward revision to stronger-than-expected economic momentum...