World Bank (WB) raises India's FY27 growth forecast to 6.6%

Exam-focused facts from the 12 June 2026 current affairs briefing.

Key facts

The World Bank (WB) has raised India's growth forecast for FY27 to 6.6% from the 6.5% estimated in January.
According to the Global Economic Prospects (GEP) report, India's Gross Domestic Product (GDP) growth is projected to be 7.7% in FY26, 7.2% in FY28, and 7% in FY29.
The WB attributed the FY27 growth to reduced US tariffs and the anticipated benefits of upcoming free trade agreements.
Reductions in Goods and Services Tax (GST) rates are expected to provide support to consumer demand.
The WB projects Brent crude oil prices to average $94 per barrel in 2026, assuming supply disruptions ease by July.