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India FY27 Growth Uncertain; IMF Sees 6.5% — Record Remittances

4/30/2026

40 9 Full Breakdown

Summary

Story summary

India warned FY2026-27 GDP growth forecast of 7-7.4% is uncertain because West Asia conflict and weak monsoon.
IMF raised FY2026-27 growth projection to 6.5% after 7.6% growth in FY2025-26.
Retail inflation hit 3.4% in March, with food at 3.87% and wholesale at 3.88%.
Merchandise exports fell 7.4% YoY in March, led by sharp drops to the UAE and Saudi Arabia, while remittances reached a record $135.4 billion in FY25.

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Story summary

India warned FY2026-27 GDP growth forecast of 7-7.4% is uncertain because West Asia conflict and weak monsoon.
IMF raised FY2026-27 growth projection to 6.5% after 7.6% growth in FY2025-26.
Retail inflation hit 3.4% in March, with food at 3.87% and wholesale at 3.88%.
Merchandise exports fell 7.4% YoY in March, led by sharp drops to the UAE and Saudi Arabia, while remittances reached a record $135.4 billion in FY25.