The World Bank has raised India's economic growth forecast for the fiscal year 2026-27 to 6.6%, up from its earlier projection of 6.5% in January, according to its June 2026 Global Economic Prospects report. This revision comes despite a downgraded global growth outlook triggered by the West Asia war, highlighting India's resilience. The economy is expected to slow from an estimated 7.7% growth in FY26 before accelerating to 7.2% in FY28, the report said.
The World Bank released its updated forecast on Thursday, noting that India remains one of the few major economies with an improved outlook amid global uncertainties. The report attributes this to domestic factors supporting growth despite external pressures. The institution's assessment reflects ongoing monitoring of geopolitical tensions and their economic impact, with India showing relative strength compared to other large economies facing headwinds from the conflict in West Asia.
India's upward revision contrasts with the broader global slowdown caused by the West Asia war, which has dampened growth prospects worldwide. The World Bank's report underscores India's unique position as a major economy able to sustain growth momentum. The forecast aligns with India's recent economic data showing robust domestic demand and policy support. This positions India as a key driver of global growth even as other regions face contraction or stagnation.
The World Bank's Global Economic Prospects report released on June 11, 2026, provides the latest official growth projections for India, marking a slight improvement in FY27 expectations despite geopolitical challenges affecting the global economy.