Current Affairs - Economy - Discussion

7% is the revised GDP growth forecast for India in FY 2026–27 announced by the International Monetary Fund (IMF). The IMF raised its projection from 6.4% by 60 basis points in its latest World Economic Outlook. The upward revision reflects resilient domestic demand, strong services sector activity, favourable demographic conditions, a growing domestic market, and structural reforms. Despite global inflation, high oil prices, and geopolitical tensions, India continues to demonstrate strong economic momentum. Meanwhile, the Reserve Bank of India (RBI), World Bank, and OECD projected India’s FY27 economic growth at 7.1%, according to the figures provided.