India remains among the fastest growing major economies, despite a marginal downgrade to its near-term growth outlook, the International Monetary Fund (IMF) said in its July 2026 World Economic Outlook (WEO) Update, projecting the country's economy to grow 6.4% in FY26-27, down from the 6.5% projected in April, before accelerating to 6.7% in FY27-28, up from the earlier projection of 6.5%.
The FY26-27 projection is 0.1 percentage point lower than the IMF's April forecast, while the FY27-28 estimate has been revised up by 0.2 percentage point.
