IMF applauds India’s GDP data revamp, says currency pain is no sign of failure as country entered energy shock with strong fundamentals

The International Monetary Fund has raised India's growth forecast to 7% for this year and next. India is seen as having strong fundamentals which allow it to manage external pressures effectively. The exchange rate fluctuations are not indicative of economic failure according to IMF officials. Structural reforms and domestic demand contribute to India's resilience in the global economy. However, risks such as geopolitical tensions and fiscal pressures remain present.