Current Affairs - Economy - Discussion

7.1% is the World Bank’s revised GDP growth forecast for India for FY 2026-27. The World Bank raised its earlier projection of 6.6% made in April 2026, reflecting stronger-than-expected economic performance. India recorded 7.8% GDP growth in the first quarter of FY27, supported by robust private consumption, investment activity and strong performance across key sectors. Private consumption is expected to remain a major driver of growth, while higher public investment, infrastructure activity, stronger exports and resilient services are also supporting the outlook. However, global trade uncertainty, geopolitical tensions and a weak southwest monsoon remain important risks to India’s economic growth.