WB Cuts Global Growth Outlook, Retains India's

India's 6.3% projection for FY26 primarily owes to expected dampening effects on exports

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Temporarily reduced the tariff to 10%, providing relief to India and other trading partners. The global economy faces severe headwinds from a complex interplay of geopolitical conflicts and escalating trade barriers.

The ongoing war in Ukraine, alongside numerous other regional skirmishes, continues to disrupt critical supply chains, fuel inflationary pressures, and erode business confidence worldwide.

This widespread instability, exacerbated by a proliferation of protectionist trade measures, is contributing to a significant deterioration in global economic prospects and poses a growing threat to living standards across the globe.