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

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

It lowered the GDP growth forecast for 2026-27 from 6.7 per cent to 6.5 per cent. For fiscal 2027-28, the World Bank has projected a growth of 6.3 per cent.

“India is expected to remain the world’s fastest-growing major economy, underpinned by continued strength in consumption growth,” said World Bank’s South Asia Development Update (October 2025).

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