BusinessWorld Bank Raises India's FY27 Growth Forecast to 7.1%
The World Bank has increased its forecast for India's economic growth in FY27 to 7.1%, up by 50 basis points, citing strong momentum in industry and services. The bank highlighted India's medium-term growth prospects supported by reforms, infrastructure investment, and a growing digital economy. It warned of potential moderation in the second half of FY27 due to external risks like higher oil prices and El Niño disruptions. Growth is expected to reach 7.2% in FY28.
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