World Bank raises India FY27 growth forecast to 7.1%, flags oil, El Niño risks
· economictimes.indiatimes.com
The World Bank has upgraded India's economic growth forecast to 7.1% for fiscal 2026-27. This change reflects strong domestic consumption, despite ongoing inflationary pressures. Other major forecasters, including Moody's and S&P Global Ratings, have also revised their projections upward. However, elevated oil prices and potential climate-related challenges pose risks to this outlook. The World Bank emphasizes the need for accelerated AI adoption in the region for sustained economic growth.
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Consumption cushions energy shock
Oil, El Niño pose risks
World Bank pushes AI adoption
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