World Bank raises India?s FY27 GDP growth forecast to 7.1% from 6.6%

The World Bank raised India?s FY27 GDP growth forecast to 7.1% from 6.6%, citing resilient domestic demand and strong momentum in consumption, investment and exports. Investment and exports grew around 12% in Q1 FY27, while services remained the largest driver of domestic growth. It noted that the medium term prospects are strong but also cautions that external risks are elevated, including downside risks related to global oil prices, El Nino and stock market correction that would result in capital flow volatility.

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