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 revised India’s economic growth forecast upwards to 6.4% for both 2025 and 2026, citing a more favourable global environment.

Globally, the IMF projects economic growth at 3.0% in 2025 and 3.1% in 2026. Growth in emerging markets and developing economies is forecast at 4.1% and 4.0%, respectively. China’s 2025 growth outlook was revised upward to 4.8%, buoyed by reduced US-China tariffs and stronger-than-expected activity in early 2025.