The International Monetary Fund lowered its India economic growth estimate for 2026, even as it expects the country to remain among the fastest-growing major economies in the world.

In its World Economic Outlook update published late Wednesday, the IMF expects the country's economy to grow 6.4% in 2026, down 0.1 percentage point from the April estimate.

For 2027, the real GDP growth estimate was raised by 0.2 percentage points to 6.7%.

IMF expects India's growth to be supported by strong momentum in private consumption and services activity.