IMF Raises India’s GDP Growth Forecast to 6.5% for FY27
In April 2026, the International Monetary Fund (IMF) released its April 2026 World Economic Outlook (WEO) titled “Global Economy in the Shadow of War”. The report has marginally upgraded India’s Gross Domestic Product (GDP) for Financial Year 2026-27 (FY27) by 10 basis points (bps) to 6.5% compared to previous estimate of 6.4% (in WEO, January2026).
Key Findings:
GDP for FY28: Similarly, IMF has  projected that the Indian economy will remain stable at 6.5% in FY28.
Inflation: As per the report, India’s inflation is expected to increase to 4.7% in FY27 over 2.1% in FY26 and is further projected to decrease to 4%, within the Reserve Bank of India (RBI)’s inflation target range, in FY28.
Global Growth Rate: The report has projected  global GDP to grow by 3.1% in CY26 and will increase by 10 bps to 3.2% (in CY27).
Global Inflation: As per WEO, global inflation is expected to increase from 4.1% (in CY25) to 4.4% (in CY26) and will ease to 3.7% in CY27.