IMF Raises India's Growth Forecast to 7% in the October 2026 World Economic Outlook
The International Monetary Fund released its October 2026 World Economic Outlook on 13 October at the IMF-World Bank Annual Meetings in Bangkok, Thailand, raising India's growth forecast to 7%, a 60 basis point upgrade from the 6.4% projected in the July update. The IMF credited stronger-than-expected domestic demand and robust services activity, holding up despite Middle East conflict and elevated oil prices. It also lifted the following year's projection by 30 bps to 7%, and pegged India's retail inflation at 5%, easing to 4.4%. Global growth was nudged up 10 bps to 3.1% for 2026, with 3.4% retained for 2027.
The IMF was conceived at the Bretton Woods Conference of July 1944, began operations in 1945, and is headquartered in Washington, D.C. | The World Economic Outlook is published twice a year, in April and October, with Update editions in January and July | Kristalina Georgieva has been IMF Managing Director since October 2019 and began a second five-year term in 2024