This special report focuses on the International Monetary Fund (IMF) raising India’s GDP growth forecast for the fiscal year 2025-26. According to the IMF’s latest World Economic Outlook, India’s growth forecast has been revised upwards to 6.6% from the earlier estimate of 6.4%, primarily due to strong performance in the first quarter which has offset the impact of increased US tariffs on Indian goods. The report details that while the forecast for the current fiscal year is positive, the projection for 2026-27 has been lowered to 6.2%. This analysis comes amid significant trade friction, including a 50% tariff imposed by the US on many Indian exports, which has particularly affected sectors like textiles. The programme explores the resilience of the Indian economy and the challenges that lie ahead in a shifting global trade environment.
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