The World Bank has raised India’s GDP growth forecast for the current financial year to 6.6 percent, up from its earlier estimate of 6.3 percent. The revision reflects confidence in India’s economic resilience amid global uncertainty.
According to the World Bank, strong domestic demand, GST rate cuts, and tariff adjustments have supported the upward revision. India continues to be the fastest-growing major economy in South Asia, even as regional growth is expected to slow.
The new forecast, however, remains slightly below the Reserve Bank of India’s projection of 6.9 percent. Despite risks from elevated energy prices and geopolitical tensions in West Asia, India’s economy is seen as stable and robust.
The World Bank emphasized that India’s fiscal and trade reforms are helping sustain growth momentum, reinforcing its role as a key driver of South Asia’s economic outlook.
