 "World Bank keeps India growth forecast unchanged amid trade uncertainty")
Higher tax revenues and falling current expenditures are likely to contribute to a gradual decline in India’s public debt-to-gross domestic product (GDP) ratio and fiscal consolidation, said the World Bank’s Global Economic Prospects Report on Tuesday.
The Bank has kept India's GDP growth forecast for FY26 unchanged at 6.3 per cent from its bi-annual South Asia Development update in April. This comes amid rising trade barriers and dampened exports due to weaker activity in key trade partners.
“India would maintain the fastest growth rate among the world’s largest economies, at 6.3 per cent in FY26,” the World Bank said in its report.
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