Multiple outlets report that the International Monetary Fund (IMF) has reduced its forecast for India’s economic growth in FY27 to 6.4%. The change comes after an earlier projection of 6.5% released in April, according to one report. Despite the cut, the IMF continues to characterize India as the fastest-growing major economy.
The revised outlook is linked to offsetting factors. One source says higher energy prices are a key reason for the downward revision, even as economic activity remains resilient. Other reports emphasize that momentum persists, particularly in private consumption and services activity, which helps support continued growth.
In addition to the FY27 figure, one outlet states that the IMF raises its projection for FY28, indicating expectations of further improvement after the near-term slowdown. Overall, the sources agree the IMF’s forecast for FY27 is lowered to 6.4% while maintaining a positive longer-term stance for India’s growth trajectory.
