India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country’s stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said.
NEW YORK/WASHINGTON: The IMF released its World Economic Outlook (WEO) Update on Tuesday.
It said that growth in India is projected to be 6.4 per cent in 2025 and 2026, with both numbers revised slightly upward, reflecting a more “benign external environment” than assumed in the April reference forecast.
In a footnote, the IMF said that for India, data and projections are presented on a fiscal year (FY) basis.
India’s growth projections are 6.7 per cent for 2025 and 6.4 per cent for 2026, based on the calendar year.
During a press briefing, IMF Research Department Division Chief Deniz Igan, responding to a question on India, said, “We have actually quite stable growth” for the country.