Mumbai, April 9 -- In its latest April 2026 South Asia Economic Update, the World Bank has upgraded India's GDP growth forecast for the fiscal year 2026-27 (FY27) to 6.6%, up from an earlier estimate of 6.3%. Despite a projected slight moderation from the 7.6% growth expected in FY26, India remains the fastest-growing major economy globally, the World Bank noted. In India, growth is estimated to have accelerated from 7.1 percent in FY25 to 7.6 percent in FY26 (April 2025-March 2026), owing to strong domestic demand and export resilience. Private consumption growth was particularly robust, supported by low inflation and rationalization of the Goods and Services Tax (GST).

Growth is projected to decelerate to 6.6 percent in FY27, reflectin...