IMF Projections Peg India's Growth at 7 Percent for FY27 and FY28

The International Monetary Fund projected India's economy to expand by 7 percent in both FY27 and FY28, supported by robust domestic demand amid global economic risks.

The IMF raised its global growth forecast for the year to 3.1 percent while warning that low-income developing countries remain vulnerable to energy crises and debt strain.

Global economic resilience faces downside risks from rising food and energy costs, geopolitical tensions, and potential disruptions to diversified energy supplies.