India’s GDP Growth: World Bank has revised India’s GDP growth forecast upward to 6.5 per cent for FY26 from its earlier projection of 6.3 per cent, citing resilient domestic demand, strong rural recovery and the positive impact of GST 2.0. India is expected to remain the world’s fastest-growing major economy due to strong domestic consumption growth, as highlighted by the World Bank in its South Asia Development Update.

However, the World Bank cautions that the next year’s growth could witness a hit due to Trump’s tariffs on exports.

“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—are expected to support

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