IMF slightly raises India's growth forecast to 6.4%

The IMF revised its growth forecast for the South Asian country to 6.4 percent for both 2025 and 2026, up from the 6.2 percent it had projected in April.

FILE PHOTO: A bird flies across central Mumbai's financial district skyline, India, June 18, 2019. / REUTERS/Francis Mascarenhas/File Photo

The International Monetary Fund (IMF) on July 29 slightly upgraded its 2025 and 2026 economic growth forecasts for India, citing a more favourable global economic situation.

The IMF revised its growth forecast for the South Asian country to 6.4 percent for both 2025 and 2026, up from the 6.2 percent it had projected in April.

Also Read: Gita Gopinath to leave IMF to return to Harvard

India's growth outlook reflects "a more benign external environment than assumed in the April reference forecast", the IMF said in its World Economic Outlook report.

The organisation also raised its outlook for economic growth across emerging market and developing economies this year to 4.1 percent from 3.7 percent, driven by a more upbeat view on China.

The upgrade for emerging markets reflects a more optimistic outlook globally by the Fund, which nudged its global GDP growth forecast up to 3.0 percent for 2025 and to 3.1 percent for 2026.

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