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

IMF has increased India's growth forecast for 2026 due to stronger-than-expected economic momentum. Resilient domestic demand and robust services activity have contributed significantly to this revision. Higher global oil prices have impacted several economies, but India remains an exception. Other major agencies like the World Bank have also raised their forecasts for India's economy. However, risks remain from persistent global uncertainty as well as higher oil prices.