Slated to remain the best-performing of the world’s 30 largest economies, India's outlook is a case of swings and roundabouts. The IMF has hiked its 2025 growth forecast to 6.6% from 6.4%, but revised down its 2026 estimate from 6.4% to 6.2%, reflecting the likely drag from US tariffs.

However, strong domestic demand and sweeping reforms continue to power expansion. IMF head Kristalina Georgieva (pictured with Prime Minister Narendra Modi) has heaped praise on India's “bold” policy agenda, from its recent tax simplification to digital transformation, calling the nation a “key engine of global growth”.

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