{"id":32871,"date":"2026-07-09T07:38:43","date_gmt":"2026-07-09T02:08:43","guid":{"rendered":"https:\/\/banitoday.com\/citing-high-crude-imf-adb-trim-growth-forecast-for-india\/"},"modified":"2026-07-09T07:38:43","modified_gmt":"2026-07-09T02:08:43","slug":"citing-high-crude-imf-adb-trim-growth-forecast-for-india","status":"publish","type":"post","link":"https:\/\/banitoday.com\/hi\/citing-high-crude-imf-adb-trim-growth-forecast-for-india\/","title":{"rendered":"Citing high crude, IMF, ADB trim growth forecast for India"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div data-articlebody=\"1\"><video-embed value=\"false\"\/><\/p>\n<div class=\"ihgno clearfix  \">\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-132274791,imgsize-124558,width-400,height-225,resizemode-4\/132274791.jpg\" alt=\"Citing high crude, IMF, ADB trim growth forecast for India\" title=\"ADB\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>NEW DELHI: The International Monetary Fund (<a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/imf\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">IMF<\/a>) and the Asian Development Bank (ADB) on Wednesday cautioned that higher oil prices due to the West Asia conflict will hurt most economies and also lowered India&#8217;s growth projections for the current financial year.<span class=\"id-r-component br\" data-pos=\"4\"\/>IMF&#8217;s latest World Economic Outlook pegged India&#8217;s growth for 2026-27 at 6.4%, as against 6.5% projected in April and said it will remain among the fastest growing major economies, supported by strong momentum in private consumption and services activity. IMF expects growth to recover to 6.7% in the next financial year, compared to 6.5% estimated earlier. It suggested that the economy could regain some momentum once the external shock from higher energy prices begins to ease.<span class=\"id-r-component br\" data-pos=\"9\"\/><\/p>\n<div data-pos=\"0\" class=\"id-r-component iIpbx undefined  &#10;        \">\n<div><img decoding=\"async\" alt=\"Citing high crude, IMF, ADB trim growth forecast for India\" msid=\"132274796\" width=\"\" title=\"\" placeholdersrc=\"https:\/\/static.toiimg.com\/photo\/83033472.cms\" imgsize=\"\" resizemode=\"4\" offsetvertical=\"0\" placeholdermsid=\"47529300\" type=\"thumb\" class=\"\" src=\"https:\/\/static.toiimg.com\/photo\/msid-132274796\/citing-high-crude-imf-adb-trim-growth-forecast-for-india.jpg\" data-api-prerender=\"true\"\/><\/div>\n<\/div>\n<p><span class=\"id-r-component br\" data-pos=\"11\"\/>ADB reduced its forecast for India from 6.9% to 6.6%, &#8220;reflecting elevated energy prices, which squeeze real incomes&#8221;, while leaving next fiscal&#8217;s estimate unchanged at 7.3%<span class=\"id-r-component br\" data-pos=\"13\"\/>IMF lowered growth projection for global economy to 3.1%, as against 3.5% estimated earlier. It said the fallout of the West Asia conflict is being partially offset by booming investment in AI and its adoption. It expects global growth to rebound to 3.4% in 2027.<span class=\"id-r-component br\" data-pos=\"15\"\/>ADB expects the conflict to weigh more heavily on developing Asia and the Pacific than earlier anticipated.<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/citing-high-crude-imf-adb-trim-growth-forecast-for-india\/articleshow\/132274791.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The International Monetary Fund (IMF) and the Asian Development Bank (ADB) on Wednesday cautioned that higher oil prices due to the West Asia conflict will hurt most economies and also lowered India&#8217;s growth projections for the current financial year.IMF&#8217;s latest World Economic Outlook pegged India&#8217;s growth for 2026-27 at 6.4%, as against 6.5% [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-32871","post","type-post","status-publish","format-standard","has-post-thumbnail"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/32871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/comments?post=32871"}],"version-history":[{"count":0,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/posts\/32871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media\/32872"}],"wp:attachment":[{"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/media?parent=32871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/categories?post=32871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banitoday.com\/hi\/wp-json\/wp\/v2\/tags?post=32871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}