New Delhi, Jan. 14 -- The World Bank has raised India's FY27 growth forecast to 6.5 percent from 6.3 percent projected in October, citing stronger domestic demand and more resilient exports, though the estimate remains unchanged from its June projection last year.

In its Global Economic Prospects report, the World Bank said India is likely to remain the fastest-growing major economy, noting that higher US tariffs on some exports, despite the US accounting for about 12 percent of India's merchandise exports, are expected to be offset by strong domestic demand and resilient export performance.

Upside Risks: Trade Resolution and Confidence Boost The report highlighted upside risks, noting that easing global trade tensions, including a part...