IMF sees India bucking global slowdown, raises 2026 growth forecast to 7%

IMF projects India's growth for 2026 at 7%, up from previous estimates. This revision is attributed to resilient domestic demand and robust services activity. Other agencies, such as the World Bank, also raised their growth forecasts, reflecting confidence in India's economic stability. Despite challenges like higher oil prices, India's growth outlook remains significantly improved. However, persistent global uncertainties could affect future growth and demand.