IMF Cuts India's Growth Forecast to 6.4% for FY27 Amid Higher Energy Prices

According to IMF projections, India's estimated 6.4% growth for FY27 remains well ahead of most major economies. China is expected to grow by 4.6% in 2026, while the United States is forecast to expand by 2.3%. Euro area is projected to grow by 0.9%, the United Kingdom by 1%, Japan by 0.6%, and Canada by 1.1%. Globally, the IMF retained its growth forecasts of 3% for 2026 and 3.4% for 2027, broadly unchanged from its April outlook on a cumulative basis.