Economy · India

World Bank Lifts India's FY27 Growth Forecast to 7.1%

The World Bank has increased its economic growth projection for India in the fiscal year 2026-27 to 7.1%, an upward revision from its previous estimate. This forecast is supported by strong domestic demand, robust industrial and services activity, and expectations of continued export performance, even amidst global economic challenges. The bank also anticipates 7.2% growth for FY28 and has identified artificial intelligence as a potential driver for productivity gains in India, though noting the country's current lag behind the US in AI adoption.

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