India is projected to remain the fastest-growing major economy in 2026, with economic growth of 7.0%, according to the International Monetary Fund’s (IMF) latest World Economic Outlook released in October 2026.
The IMF’s projections place India ahead of other major economies, including China, the United States, Germany, Japan and the United Kingdom.
China’s economy is forecast to grow by 4.5% in 2026, while the United States is expected to record growth of 2.3%.
Germany and the United Kingdom are projected to expand by 1.3% each, while Japan’s growth is forecast at 0.7%.
India is also expected to maintain its 7.0% growth rate in 2027, while China’s growth is projected to slow to 4.0%.
Meanwhile, the IMF forecasts global economic growth to decline from 3.5% in 2025 to 3.1% in 2026 before recovering to 3.4% in 2027.
Advanced economies are projected to grow by 2.1% in 2026, compared with 3.7% for emerging market and developing economies.
Emerging and developing Asia is expected to remain a major contributor to global growth, with the region projected to expand by 5.1% in 2026.
The IMF’s figures also indicate significant economic challenges in the Middle East, with Saudi Arabia’s economy projected to contract by 3.3% in 2026 before rebounding by 7.9% in 2027. (Newswire)
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