New York/Washington: India is projected to grow at 6.4 per cent in fiscal year 2025 and 2026, and the country’s stable growth is driven by a reform momentum supporting robust consumption growth and a push for public investment, the International Monetary Fund has said.
The IMF released its World Economic Outlook (WEO) Update on Tuesday.
It said that growth in India is projected to be 6.4 per cent in 2025 and 2026, with both numbers revised slightly upward, reflecting a more “benign external environment” than assumed in the April reference forecast.
In a footnote, the IMF said that for India, data and projections are presented on a fiscal year (FY) basis. India’s growth projections are 6.7 per cent for 2025 and 6.4 per cent for 2026, based on the calendar year.
During a press briefing, IMF Research Department Division Chief Deniz Igan, responding to a question on India, said, “We have quite stable growth for the country.
India, which grew at 6.5 per cent in 2024, is projected to grow at 6.4 per cent in 2025 as well as in 2026.
The 6.4 per cent growth rates for this year and next are slight upgrades compared to what we had in April – 0.2 percentage points in 2025 and 0.1 percentage point in 2026, she said.
Igan said that the driver of this relatively stable growth for India is the fact that there has been a reform momentum supporting robust consumption growth and a push for public investment.
She said that going forward, it will be important for India to keep this momentum going and to continue the recent good growth performance that we have seen.
