IMF official Srinivasan said India needs to secure strong, durable growth through more reforms, including factor market reforms for land and labour and measures to attract more foreign direct investment and improve the business climate. He noted that labour and land reforms remain outstanding issues and that India still has many tariff and non-tariff trade barriers. The IMF's World Economic Outlook raised India's GDP growth forecast for FY27 to 7% from the 6.4% projected in July, and projects India to overtake Japan as the fourth largest economy in 2027. He also cited downside risks, including a prolonged energy price shock, tighter monetary policy amid rising inflation, an adjustment in the AI cycle and El Nino.
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Original headline: India needs to focus on securing strong , durable growth with more reforms , says IMF top official
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