The International Monetary Fund (IMF) has raised its growth forecast for India’s economy in fiscal year 2026 by 0.7 percentage points to 7.3%, pointing to strong economic momentum. However, it expects growth to moderate to around 6.4% over the following two financial years as temporary cyclical factors ease.
The upgrade comes after India’s National Statistics Office earlier revised its growth estimate for the year ending March 31 to 7.4%, higher than the government’s initial projection of 6.3% to 6.8%.
