The International Monetary Fund has raised India’s growth projection to 6.6 per cent, an upward trend of 0.2 percentage points, in its latest Global Economic Outlook report.

The IMF, in its report released in Washington Tuesday, said that India’s strong growth in the first quarter of 2025 is ‘offsetting’ the US tariff increase on its imports to the country.

“In India, growth is projected to be 6.6 per cent in 2025…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,” the report said.

However, it projects a slight downward projection for 2026, a growth rate of 6.2 per cent, a 0.2 percentage point lower than its earlier projectio

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