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Despite uncertainties, the pace of the Indian economy will remain the fastest in the world; World Bank estimates
World Bank: In April, the World Bank had reduced India's growth forecast for 2025-26 from 6.7 percent to 6.3 percent. According to the latest Global Economic Prospects report released by the World Bank on Tuesday, India's growth slowed in 2024-25, reflecting a partial slowdown in industrial production.
Despite export pressures from global uncertainties, India is set to be the fastest-growing major economy worldwide. The World Bank has kept its economic growth projection for India for 2025-26 at 6.3 percent.
Earlier in April, the World Bank lowered its growth estimate for India from 6.7 percent to 6.3 percent for 2025-26. The latest Global Economic Prospects report, released by the World Bank on Tuesday, indicates that India's growth decelerated in 2024-25, attributed to a partial slowdown in industrial output. Nonetheless, growth remained steady in construction and service sectors. Agricultural production has improved, driven by strong demand in rural areas.
The report also notes that global growth could slow to 2.3 percent this year, marking the lowest rate since 2008, due to heightened trade tensions and policy uncertainties. Consequently, growth forecasts have been revised down for about 70 percent of economies across various sectors and income levels. China's economy is projected to grow at 4.5 percent in 2025.
