World Bank has given relief news about India’s economy. India’s growth forecast for FY26 has been increased to 7.2%, which was earlier 6.3%. This shows that India’s economy remains strong despite Global Tensions, US Tariffs and uncertainties. According to the World Bank, America’s higher tariffs will have limited impact on India, because Strong Domestic Demand is the biggest support. Consumption is strong in the country, people are spending. Recent tax cuts, rising real income in rural areas and improvement in consumer spending have boosted growth. Growth may decline slightly to 6.5% in FY27, yet it will be considered healthy. Tariffs will have more impact on goods exports, while services exports like IT and software will remain strong. Overall, India’s growth story is resilient.
Big statement from World Bank. Will India become a growth engine amid global tension? | Money Live | World Bank’s big statement Will India become the growth engine amid global tensions?
