IMF raises India’s GDP growth forecast to 7%, cites strong domestic demand

New Delhi, Oct 13 (UNI) The International Monetary Fund (IMF) has raised its economic growth forecast for India for the financial year 2026-27 to 7 per cent, an upward revision of 60 basis points, citing sustained domestic demand and strong activity in the services sector. In its latest World Economic Outlook, released on Tuesday, the Fund also upgraded its projection for India's GDP growth in FY28 by 30 basis points to 7 per cent, according to a report. The revisions indicate that India's economic momentum is expected to remain firm over the next two financial years. The IMF attributed India's…