World Bank raises India’s FY26 growth forecast to 6.5% on strong domestic demand and GST reforms

The World Bank has raised India’s growth forecast to 6.5 per cent for the financial year 2026 from its earlier projection of 6.3 per cent in June, citing resilient domestic demand, strong rural recovery and the positive impact of Goods and Services Tax (GST) reforms.   In its latest South Asia Development Update, the World Bank said that India is expected to remain the world’s fastest-growing major economy, underpinned by strong consumption growth. However, it downgraded the country�...