Stock market today: S&P 500 rides Apple-led tech rally to close higher
Investing.com -- The International Monetary Fund raised its economic growth forecasts for India on Tuesday, citing a more favorable global economic environment.
The IMF now projects India’s growth at 6.4% for both 2025 and 2026, an increase from its previous forecast of 6.2% made in April.
In its World Economic Outlook report, the IMF stated that India’s improved growth outlook reflects "a more benign external environment than assumed in the April reference forecast."
The upgrade for India comes as part of a broader revision of economic projections. The IMF also increased its growth forecast for emerging market and developing economies to 4.1% this year, up from the previous estimate of 3.7%. This improvement is primarily driven by a more optimistic outlook for China.
The Fund’s global economic outlook has also been revised upward, with global GDP growth now expected to reach 3.0% in 2025 and 3.1% in 2026.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.