World Bank cuts India’s FY26 growth prediction to 6.3%

• The World Bank has reduced India’s growth forecast for the current fiscal by 4 percentage points to 6.3%.

• The decrease is due to global economic weakness and policy uncertainty.

• The previous estimate was 6.7% for the fiscal year 2025-26.

• The slowdown in growth in FY24/25 is expected due to slower private investment and public capital expenditures.

• The IMF also lowered India’s GDP forecast to 6.2% from its January estimates of 6.5%.