The World Bank has released its forecast for India's GDP growth. It has estimated the growth rate for the current financial year to be 6.5%, down from 8.2% previously. However, the World Bank has projected a growth rate of 6.7% for India in the financial year 2025-26.
India's economy is growing at a steady pace in the financial year 2024-25. However, it is expected to accelerate again in the new fiscal year starting in April. According to the World Bank's estimate, India's economy will grow at a rate of 6.7% in the 2025-26 financial year, maintaining its position at the top of the growth charts. In contrast, countries like the US and China are expected to experience slower growth.
The World Bank forecasts continuous growth in the services sector and expects manufacturing activities to remain strong. By 2026, India is expected to be the fastest-growing major economy in the world.
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