BREAKING: IMF Retains India As The World’s Fastest-Growing Major Economy At 7% For 2026-27 The International Monetary Fund (IMF) has revised India's GDP growth forecast upward for FY 2026-27, raising it from 6.4% (projected in July) to 7.0%. This boost is driven by strong domestic demand, robust performance in the services sector, and solid economic momentum. The projection follows closely behind the Reserve Bank of India’s (RBI) recent decision to increase its growth estimate for the year to 7.1%. Looking further ahead, the IMF also increased India's GDP forecast for FY 2027-28 to 7.0%, up from the earlier 6.7% estimate. In its World Economic Outlook update, the multilateral lender highlighted India's key structural strengths—including favorable demographics, an expanding consumer market, and ongoing policy reforms. Notably, India's economic resilience persists despite global headwinds and geopolitical tensions like the Russia-Ukraine and US-Iran conflicts, which continue to impact en