Economy, Banking and Finance · 10 April 2026
World Bank (WB) raises India FY27 GDP growth forecast to 6.6%
Exam-focused facts from the 10 April 2026 current affairs briefing.
Key facts
- World Bank upgraded India’s FY27 GDP growth forecast to 6.6%, 30 basis points higher than its October 2025 projection of 6.3%.
- Reserve Bank of India (RBI) projects FY27 growth at 6.9%.
- World Bank expects inflation to rise in FY27 on strong demand, normalising food prices and higher energy prices.
- Government reduced additional excise duty on petrol and diesel by ₹10 per litre and exempted customs duty on critical petrochemical products amid West Asia conflict.
- India’s new free trade agreements with European Union and United Kingdom will double global market access for domestic firms from one-sixth to one-third of global GDP.
- South Asia’s 2026 growth forecast revised upwards by 50 basis points to 6.3%, with India driving the region’s outperformance among Emerging Markets and Developing Economies.