The IMF lowered India's 2026 growth forecast to 6.4% due to higher global oil prices driven by the Middle East conflict but raised its 2027 outlook, citing resilient domestic demand, stronger economic activity, easing energy pressures, and sustained medium-term growth prospects despite global uncertainty
As per the report, the US will grow at 2.1 per cent, Germany will grow at 0.5 per cent, France at 1 per cent, Japan at 0.9 per cent and China at 4.6 per cent.
Both monetary and fiscal policy must work in tandem to contain the inflationary spiral with timely supply-side interventions to ‘limit the severity and duration of such shocks’
Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9% in 2022
India is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, IMF said
