IMF Revises India's FY27 GDP Growth Projection Downward to 6.4%
The reduction in the forecast is primarily attributed to persistent inflationary pressures driven by high global energy costs.
For FY28, the IMF projects India's economy to grow at a faster rate of 6.7%, while the global economic expansion is projected to remain steady at 3.1%.
GDP projections by international bodies like the IMF are key macro indicators tested frequently in banking and regulatory exams.
Key Facts / Static GK
IMF Managing Director: Kristalina Georgieva
IMF First Deputy Managing Director: Gita Gopinath
Q Practice Quiz — 11 July 2026
1. What long-term and short-term ratings were assigned to Federal Bank in its inaugural credit rating by S&P Global?
Explanation: Federal Bank received an inaugural rating of BBB-/Stable for the long term and A-3 for the short term from S&P Global Ratings.
2. According to the IMF's latest World Economic Outlook Update, what is the revised GDP growth forecast for India for FY27, and what was the main reason cited for the cut?
Explanation: The IMF lowered India's FY27 growth forecast to 6.4% (from 6.5%), citing the impact of higher energy prices on economic activity.
3. What are India's revised FY27 GDP growth and inflation forecasts respectively, as per the ADB India Economic Outlook released in July 2026?
Explanation: ADB lowered India's FY27 GDP growth forecast to 6.6% and raised the inflation forecast to 5.2% in its July 2026 update.
4. Who launched the newly established Letter of Authorisation (LoA) Regime aimed at regulating sustainable deep-sea fishing in India?
Explanation: Vice President Jagdeep Dhankhar launched the new Letter of Authorisation (LoA) Regime to boost India's Blue Economy and deep-sea fishing.
5. Which Indonesian civilian honour was recently conferred on Prime Minister Narendra Modi by President Prabowo Subianto?
Explanation: Prime Minister Narendra Modi was conferred with 'Bintang Adipurna', which is the highest civilian honour of Indonesia.
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