India growth forecast raised by World Bank for FY25 to 6.6%.
India will remain the fastest-growing economy among the world’s largest economies.
However, the World Bank said in its June Global Economic Outlook report that the pace of its expansion is expected to slow to a steady average annual growth of 6.7% between fiscal year 2025 and fiscal year 2027.
It raised India’s growth forecast by 0.2 percentage points to 6.6% for FY25 and 6.7% for FY26 compared to its projection in January this year.
However, it is much lower than the 7.2% projected by the Reserve Bank of India last week.
The bank’s report said global growth is forecast to remain stable at 2.6% this year for the first time in three years, despite geopolitical tensions and high interest rates.
In 2024, the growth in the South Asia region is projected to slow to 6.2% and remain at a similar rate in 2025-26, mainly reflecting stable growth in India.
