06-Oct-2026      17:02

India's GDP growth forecast raised to 7.1% by World Bank

The World Bank revised its India FY27 GDP growth projection upward to 7.1% from 6.6%, underpinned by robust domestic demand and sustained strength in consumption, investment, and exports. Investment and exports expanded approximately 12% in Q1 FY27, with services continuing to be the primary catalyst for domestic expansion. The institution affirmed strong medium-term prospects but also highlighted elevated external vulnerabilities, encompassing potential negative impacts from global oil prices, El Nino, and stock market corrections that could generate volatility in capital flows.

News source: Capital Market - Live News