The International Monetary Fund (IMF) in the October outlook increased India’s growth projections by 20 basis points to 6.6% for 2025 whilst projecting a decline of the same intensity to 6.2% in 2026. Meanwhile, the Washington-headquartered financial institution predicts global growth would edge upwards by 20 basis points to 3.2% this year, with the outlook for 2026 unchanged at 3.1%.

Elaborating the rationale for the upward revision for India, IMF attributed it to a carryover effect from a “strong” first quarter which helped New Delhi “more than offset” the impact of the U.S. President Donald Trump-induced tariff regime since July. India’s GDP in the June-end peaked had peaked to a five-quarter high of 7.8% driven primarily by sectors as manufacturing, services and construction. The dow

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