India’s 7% growth to outpace global economy as AI demand offsets oil shock, IMF says

The International Monetary Fund (IMF) on Tuesday slightly upgraded its outlook for the global economy for this year, forecasting growth of 3.1 per cent, as strong demand for artificial intelligence (AI) helped offset the damage from sharply higher oil and gas prices.

The IMF had forecast global growth at 3.0 per cent in July. The world economy expanded at an annual pace of 3.5 per cent in 2025.