The International Monetary Fund (IMF) on Tuesday lowered its GDP growth forecast for India for 2026-27 by 20 basis points (bps) to 6.2 per cent, days after the World Bank announced a similar cut. However, like the World Bank, the IMF also raised its forecast for the current fiscal by 20 bps, it said in an update to its World Economic Outlook (WEO) report.

The IMF now sees India’s GDP growing by 6.6 per cent in 2025-26. The World Bank’s latest projection, announced on October 7, had the figure at 6.5 per cent. For next year, the Bank sees India’s growth slowing down to 6.3 per cent.

At 6.6 per cent and 6.2 per cent, the IMF’s revised growth forecasts for India for the current and next year are lower than that of the Reserve Bank of India (RBI). On October 1, the RBI had raised its forecas

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