Q1. Consider the following statements regarding India in the IMF April 2026 World Economic Outlook: 1. India is expected to maintain 6.5% GDP growth in FY28 alongside FY27 and remain the fastest-growing major economy. 2. India's headline inflation is projected to rise to 4.7% in FY27 from 2.1% in FY26, broadly within the Reserve Bank of India's tolerance band. Which of the statements given above is/are correct?
A 1 only
B 2 only
C Neither 1 nor 2
D Both 1 and 2 Correct
Explanation
Both statements are correct. The IMF projects India to grow at 6.5% in both FY27 and FY28 and to remain the fastest-growing major economy. India's headline inflation is projected to rise from 2.1% in FY26 to 4.7% in FY27 before easing to about 4% in FY28, broadly within the Reserve Bank of India's 4% +/- 2% tolerance band.