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World Bank Projects 6.7% Growth for Indian Economy Over the Next Two Fiscal Years.

Economy Business | Dated: 20 Jan 2025

In January 2025, the World Bank (WB) released its biannual report, Global Economic Prospects (GEP), for January 2025. The report projects India's Gross Domestic Product (GDP) to grow at a rate of 6.7% over the next two financial years, i.e., Financial Year 2025-26 (FY26) and FY27.

🎯 Key Highlights:

  • - The FY26 projection remains unchanged from the GEP report of June 2024, while the growth rate for FY27 has been revised downward by 10 basis points (bps) from its previous estimate of 6.8%.

💡 Other Important Facts:

  • (i) The report estimates India’s GDP growth rate for the current financial year (FY25) at 6.5%, a decline from the 8.2% recorded in FY24.
  • (ii) The report forecasts global economic growth to remain stable at 2.7% for both 2025 and 2026, driven by a gradual decline in inflation and interest rates.

📚 Test Your Knowledge:

Recently, what is the projected GDP growth rate of India for the next two fiscal years (FY26 and FY27) as per the World Bank's January 2025 Global Economic Prospects report?

Correct Answer: 6.7%

🚀 Quick Recap:

About World Bank (WB)

  • President : Ajay Banga
  • Headquarters : Washington, DC