World Bank raises India's GDP forecast for FY26 to 6.5 per cent

The World Bank raised India's gross domestic product (GDP) forecast for 2025-26 (FY26) to 6.5 per cent from 6.3 per cent projected in June.

- STATESMAN NEWS SERVICE

It further revised downwards the estimate for 2026-27 (FY27) by 20 basis points to 6.3 per cent due to higher-than-expected tariffs on India's exports to the United States.

In its South Asia Outlook, the World Bank said India is expected to remain the world's fastest-growing major economy, supported by continued strength in consumption growth.

The report further noted that almost one-fifth of India's goods exports went to the United States in 2024, equivalent to about 2 per cent of GDP.