The World Bank has raised India’s economic growth forecast to 6.6 percent for the current financial year, up from 6.3 percent, citing strong domestic demand and expanding trade ties. The report highlights India as the primary driver of growth in South Asia. Growth is projected to rise from 7.1 percent in FY25 to 7.6 percent in FY26, supported by resilient exports and robust private consumption. Low inflation and GST rationalisation have boosted consumer spending. However, the Bank cautioned that rising global energy prices may increase inflationary pressures and affect household income. Continued trade agreements, including deals with the UK and EU, are expected to sustain economic momentum despite global uncertainties.
0 Comments