Quick Summary
The World Bank has revised India's GDP growth forecast for FY26 to 6.5%, up from its earlier projection of 6.3%, citing resilient domestic demand, robust rural recovery, and the positive impact of GST 2.0 reforms. The update underscores India's position as the fastest-growing major economy in the wo
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FAQ :
The World Bank projects India's GDP to grow by 6.5% in FY26.
Key factors include resilient domestic demand, robust rural recovery, and the positive impact of GST 2.0 reforms.
The GST overhaul became effective on September 22, 2025.
The reforms have reduced the number of tax brackets to two main slabs (5% and 18%), with a special 40% slab for luxury goods, and moved several household essentials to the lower 5% slab.
The World Bank has warned that higher U.S. tariffs on Indian goods could weigh on exports and potentially lower the growth forecast for FY27.
India's economy grew by 7.8% in the first quarter of FY26, exceeding expectations.
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