World Bank projects India's GDP growth at 6.6 percent for the fiscal year 2026-27
The World Bank has increased its GDP growth estimate for India for the fiscal year 2026-27 from 6.3 percent to 6.6 percent. This growth rate reflects strong domestic demand and economic resilience, even as the Indian economy continues on a growth path amid global challenges.
In its latest South Asia Economic Update released on Thursday, the World Bank indicated that the Indian economy could grow at a rate of 7.6 percent in the fiscal year 2025-26, which is higher than the 7.1 percent projected for the fiscal year 2024-25. According to the World Bank's report, this growth will be supported by strong domestic demand and exports. The report stated that due to robust domestic demand and strengthening exports, India's growth is expected to rise from 7.1 percent in the fiscal year 2024-25 to 7.6 percent in the fiscal year 2025-26 (from April 1, 2025, to March 31, 2026).
The World Bank has slightly raised its GDP growth estimate for India for the fiscal year 2026-27 to 6.6 percent. However, it noted that while a reduction in GST rates is expected to boost consumer demand in the early months of the fiscal year, disruptions arising from West Asia could adversely affect growth.
It is noteworthy that the Reserve Bank of India (RBI) has projected the country's economic growth rate at 6.9 percent in its review meeting of the Monetary Policy Committee (MPC) for the current fiscal year 2026-27, which is slightly higher than the World Bank's estimate. The main reason for the increase in India's growth estimate is attributed to strong domestic demand and improved export performance.
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