India's economic story in fast lane, IMF projects 7% GDP growth for FY26 and FY27

India’s economy is expected to grow by 7% in both 2026 and 2027, according to the International Monetary Fund (IMF), keeping the country among the fastest-growing major economies despite growing uncertainties. According to the institution, strong domestic demand, robust services activity and favourable demographic trends are expected to support this growth.India's growth prospects were supported by favourable demographic dynamics, a large and expanding domestic market, and continued structural reforms, even as higher oil prices posed a challenge.“India stands out with upward revisions, reflecting sustained momentum and growing evidence of stronger growth potential supported by favorable demographic dynamics, a large and expanding domestic market, and continued structural reforms.”The forecast comes amid a series of upgrades by global agencies after India's gross domestic product (GDP) grew 7.8% in the April-June quarter of the current financial year.(function(){function e(){window.addEventListener(`message`,function(e){if(e.data[`datawrapper-height`]!==void 0){var t=document.querySelectorAll(`iframe`);for(var n in e.data[`datawrapper-height`])for(var r=0,i;i=t[r];r++)if(i.contentWindow===e.source){var a=e.data[`datawrapper-height`][n]+`px`;i.style.height=a}}})}e()})();India holds its ground despite higher oil pricesThe agency…