The International Monetary Fund (IMF) has raised India's growth forecast by 0.2 percentage points to 6.6% for the 2025-26 fiscal year as the country's strong growth momentum is seen offsetting the impact of high U.S. tariffs on Indian goods.

India's GDP grew at an unexpectedly higher pace of 7.8% in April-June thanks to strong private consumption, helping it remain the fastest growing major economy despite a cloudy export outlook due to steep 50% tariffs imposed by U.S. President Donald Trump.

India's financial year runs from April to March.

However, the IMF lowered India's growth forecast by 0.2 percentage points to 6.2% for the next fiscal year, it said in the report released in Washington.

IMF's upgrade comes a week after the World Bank raised its India growth forecast for 2025/26 t

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