New Delhi, Oct. 6 -- The World Bank has raised its forecast for India's economic growth in FY27 to 7.1 per cent from 6.6 per cent earlier, citing stronger-than-expected growth supported by robust domestic demand and exports, while warning that global risks remain elevated.

The World Bank, in its latest India Development Update released on Tuesday, said India's medium-term growth prospects remain strong despite global headwinds. It, however, flagged risks from higher global oil prices, El Nino and potential stock market corrections that could trigger volatility in capital flows.

The upgrade keeps India among the fastest-growing major economies and reflects the economy's resilience despite a challenging global environment. The World Bank ...