IMF Trims India's FY27 GDP Growth Forecast to 6.4% in July 2026 WEO Update; FY28 Raised to 6.7%
The International Monetary Fund (IMF), in its July 2026 World Economic Outlook (WEO) Update, lowered India's real GDP growth forecast for FY2026-27 to 6.4%, down from the 6.5% projected in April 2026, citing elevated global energy prices and trade uncertainty. The IMF raised India's FY28 forecast to 6.7% (from 6.5%), describing the dip as transient. India remains the world's fastest-growing major economy, well ahead of China (4.6%) and the United States (2.3%). The IMF retained global growth at 3.0% for 2026 and 3.4% for 2027. India's growth is powered by strong private consumption and a resilient services sector.
IMF HQ: Washington, D.C. | IMF MD: Kristalina Georgieva | Founded 1944 (Bretton Woods) | Members: 191 | Flagship reports: World Economic Outlook, Global Financial Stability Report
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