The International Monetary Fund has upgraded India's growth projection from 6.4% in its July update, citing stronger momentum, resilient domestic demand and robust services activity.

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• The International Monetary Fund raised India's GDP growth forecast to 7% for 2026-27, up from 6.4% in its July update.
• Growth for 2027-28 is also projected at 7%, up from 6.7% earlier.
• The Fund cited stronger-than-expected momentum, resilient domestic demand and robust services activity behind the upgrade.
• The revision is part of the October 2026 World Economic Outlook, released around the IMF-World Bank Annual Meetings in Bangkok.
• The IMF sees global growth for 2026 at 3.1%.
• The Reserve Bank of India had earlier projected India's GDP growth at 7.1% for the year.
• Finance Minister Nirmala Sitharaman is attending the Annual Meetings in Bangkok from 14 to 18 October.