IMF May Boost India's Growth Forecast to 7%; US Tariffs Peaking, Says Gita Gopinath

• IMF's Gita Gopinath indicates a potential raise in India's economic growth forecast to around 7% due to better-than-expected performance.
• India's Q2 GDP growth of 8.2% (July-September) surpasses previous estimates, leading to a likely upward revision by IMF.
• Global economy shows resilience despite tariffs, with Artificial Intelligence creating new paths for progress and mitigating negative impacts.
• US tariffs are nearing their peak or have passed it, influenced by upcoming 2026 midterm elections, inflation concerns, and legal challenges.
• Further tariff increases in the US are unlikely as they contributed to 0.7% inflation and increased prices for ordinary people.

Why It Matters: IMF likely to raise India's growth forecast to 7% as US tariffs peak, signaling global economic shift.