World Economic Outlook Report 2026:
The International Monetary Fund (IMF) raised India’s economic growth forecast to 7 per cent for 2026 in its World Economic Outlook (WEO) report.
Key Highlights of World Economic Outlook Report 2026:
- The IMF projected India’s growth at 7.4 per cent in 2026 and 7 per cent in 2027.
- On inflation, the IMF projected India’s consumer prices to rise by 5 per cent in 2026, compared with 2 per cent in 2025.
- The country’s current account deficit is expected to widen to 1.5 per cent of GDP in 2026.
- Globally, economic growth is forecast at 3.1 per cent in 2026 and 3.4 per cent in 2027, while emerging and developing Asia is expected to grow by 5.1 per cent in 2026.
- The Middle East and Central Asia region is projected to contract by 0.3 per cent in 2026.
World Economic Outlook Report:
- It is a comprehensive report published twice a year by the International Monetary Fund (IMF).
- The WEO is usually published in April and October, followed by the less comprehensive WEO updates in July and January.
- It includes the IMF’s estimates and forecasts for global output growth and inflation as well as for real gross domestic product (GDP) growth, consumer prices, current account balances, and unemployment in the IMF’s member countries,
- The data is drawn from IMF representatives’ consultations with member countries, and is included in the WEO database.
