India, June 10 -- The World Bank has maintained its forecast for India's economic growth at 6.3% for FY2025-26, citing heightened global uncertainty and rising tariffs as major headwinds affecting most economies.
The latest estimate comes even as global trade tensions escalate and policy unpredictability weighs heavily on economic prospects.
The revision was reiterated in its Global Economic Prospects report released Tuesday.
The bank warned that unless corrective action is taken swiftly, the slowdown could significantly erode living standards.
The Reserve Bank of India, which held its GDP forecast steady at 6.5% for FY26 last week, flagged uncertainty linked to evolving global trade dynamics, including protectionist moves such as U.S...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.