IMF raises India GDP growth forecast for 2025-26 despite US tariff impact

New Delhi, Oct 14 (PTI) International Monetary Fund (IMF) on Tuesday revised upwards India's GDP growth forecast for the current fiscal to 6.6 per cent compared to its earlier estimate of 6.4 per cent on the back of strong growth, offsetting the impact of US tariffs on Indian shipments.

In its latest World Economic Outlook (WEO), the multilateral lending agency also lowered the growth forecast by 20 basis points to 6.2 per cent for 2026-27.

"Compared with the July WEO Update, this is an upward revision for 2025, with carryover from a strong first quarter more than offsetting the increase in the US effective tariff rate on imports from India since July, and a downward revision for 2026," the report said.