In April, the World Bank raised India’s FY 2024-25 GDP growth forecast to 6.6 percent, reflecting a robust performance in FY 2023-24 with a revised growth rate of 8.2 percent. For FY 2025-26 and FY 2026-27, growth is anticipated to average 6.7 and 6.8 percent, respectively. Despite a regional slowdown, India’s GDP grew by 7.8 percent in Q1 2024. The World Bank attributes this to strong public and private investment, falling inflation, and a rebound in agriculture, despite fiscal restraints. The global economic outlook remains subdued, with significant risks including geopolitical tensions and climate-related disasters. However, India’s sustained growth bolsters the economic outlook for the South Asia region.
