The World Bank on Tuesday raised India’s growth forecast for the current fiscal to 6.5 per cent, up from 6.3 per cent estimated earlier, and said the country is expected to remain the fastest-growing major economy, underpinned by continued strength in consumption growth.

US Tariffs Pose Challenge Ahead

The World Bank also cautioned that 50 per cent tariffs on Indian shipments imposed by the US will have implications for the economy in the coming year.

It has lowered the GDP growth forecast for 2026-27 to 6.3 per cent, down from 6.5 per cent projected earlier.

Strong Domestic Conditions Support Growth

"India is expected to remain the world’s fastest-growing major economy, underpinned by continued strength in consumption growth," said the World Bank's South Asia Development Update (Octo

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