The World Bank Tuesday lowered its GDP growth forecast for India by 20 basis points (bps) to 6.3 per cent for 2026-27 due to risks from the 50 per cent tariff imposed by the US. At the same time, the multilateral agency raised the forecast for the current fiscal by 20 bps to 6.5 per cent on the back of the higher-than-expected growth rate of 7.8 per cent clocked in the April-June quarter, said Franziska Ohnsorge, World Bank’s Chief Economist for the South Asia Region.

She added that there are signs of urgency from the Indian government to implement reforms.

“It is very obvious that the authorities are keen on deregulating. There is a new sense of urgency for labour market reforms and to actually implement it on the ground. There are all these trade agreements that they are currently nego

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