US, Oct. 15 -- The International Monetary Fund (IMF) has raised its forecast for India's economic growth to 7.0 per cent for 2026, saying the country "remains among the fastest-growing major economies" even as a war in the Middle East and higher oil prices drag on much of the world.

In its October 2026 World Economic Outlook, the IMF projected India's growth at 7.0 per cent in 2026 and 7.0 per cent in 2027, on a fiscal year basis.

The 2026 projection is 0.6 percentage points higher than in the July 2026 WEO Update and 0.5 percentage points higher than in the April 2026 WEO. The 2027 projection was raised by 0.3 percentage point from July and by 0.5 percentage point from April.

India's economy grew 7.8 per cent in 2025, according to th...