IMF raises India’s FY26 growth forecast to 6.6 %

THE INTERNATIONAL MONETARY Fund (IMF) has raised India’s growth forecast by 0.2 percentage points to 6.6% for the FY26 as the country’s strong growth momentum is seen offsetting the impact of high US tariffs on Indian goods.

- REUTERS

India’s GDP grew at an unexpectedly higher pace of 7.8% in April-June thanks to strong private consumption, helping it remain the fastest growing major economy despite a cloudy export outlook due to steep 50% tariffs imposed by US President Donald Trump.