Wed Jan 14 17:53:27 UTC 2026: # World Bank Upgrades India’s GDP Forecast Amid Robust Domestic Demand
The Story:
The World Bank has significantly revised its GDP growth forecast for India for the current fiscal year, increasing it to 7.2 percent. This represents a substantial upward adjustment of 0.9 percentage points from its previous projection in June. The revision is attributed to the country’s strong domestic demand and the positive impact of ongoing tax reforms.
Key Points:
- The World Bank raised India’s GDP growth forecast to 7.2 percent for the current fiscal year.
- This is a 0.9 percentage point increase from the June projection.
- The upgrade is due to robust domestic demand.
- Tax reforms are cited as a contributing factor.
Key Takeaways:
- India’s economy is showing stronger-than-expected resilience and growth potential.
- Domestic demand is a key driver of economic expansion.
- Tax reforms are having a positive impact on the Indian economy.
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