The World Bank on Tuesday upped India’s growth estimates for the current fiscal (FY26) by 20 basis points to 6.5 per cent from its June projection of 6.3 per cent. However, considering the US’s tariff action, the multilateral agency has cut the forecast for the next fiscal (FY27) by 20 basis points to 6.3 per cent

In its the latest South Asia Development Update (SADU) titled ‘Jobs, AI, and Trade’, the multilateral agency said India is expected to remain the world’s fastest growing major economy, underpinned by continued strength in consumption growth. Domestic conditions, particularly agricultural output and rural wage growth, have been better than expected. The government’s reforms to the Goods and Services Tax (GST) — reducing the number of tax brackets and simplifying compliance —

See Full Page