The International Monetary Fund (IMF) has cut India's growth projection in the current financial year 2025-26 to 6.2% from its earlier projection of 6.5%.

"For India, the growth outlook is relatively more stable at 6.2% in 2025, supported by private consumption, particularly in rural areas," IMF said in its World Economic Outlook report released on Tuesday.

In the succeeding financial year 2026, India's economic growth is seen at 6.3%.

IMF predicts global economic growth at 2.8% in 2025, lower by 0.5 percentage points than its earlier estimate. In 2026, the global economy is estimated to grow at 3%, as per the report.

The global body noted that countries directly impacted by new tariffs, especially China and the US, would be the most affected. However, countries in Asia and Europe will also feel the effect in the medium term.