World Bank bumps up FY27 India growth outlook to 7.1%

The World Bank has increased the growth forecast for India's FY27 to 7.1% from earlier estimates. This revision is attributed to strong domestic demand and solid exports, despite global challenges. Growth is expected to moderate later in FY27 but rebound in the medium term. However, risks such as higher global oil prices and El Nino-related disruptions could impact performance.