The Indian economy is most likely to grow by 7 per cent in the current fiscal year, slightly above the 6.6 per cent projected by the IMF in October, said Gita Gopinath, former chief economist at the Washington-based International Monetary Fund (IMF).
Gita Gopinath stated that the IMF projection did not see India’s strong 8.2 per cent GDP growth in the second Quarter (July-September 2025). She said, “Just doing the math, I would expect that India’s GDP growth would go up close to 7 per cent,”.
The Reserve Bank of India (RBI) raised its GDP growth forecast to 7.3 per cent for the current fiscal year, up from its previous projection of 6.8 per cent. Gopinath said that sustaining the substantial growth of around 8 per cent over the decades will require ongoing reforms and robust policy measures.
During the six quarters, GDP recorded its highest growth of 8.2 per cent in Q2 of 2025-26, reinforced by resilient domestic demand amid global trade and policy uncertainties. In October, the IMF reforecast the current fiscal year’s growth to 6.6 per cent from 6.4 per cent, despite the impact of US tariffs on Indian shipments.
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Gopinath noted that India is performing much better than was expected before the India-US trade crisis.
