New Delhi, June 3 -- The Organisation for Economic Co-operation and Development (OECD) on Tuesday lowered India's GDP growth rate a notch, as it projected global growth to slow down more than expected on account of Trump tariffs.

The Paris-based OECD in its June Economic Outlook lowered India's growth rate to 6.3% in FY26 and 6.4% in FY27, compared with earlier projections, made in March, of 6.4% for FY26 and 6.6% for FY27.

It projected global growth to slow to 2.9% in 2025 and 2026 from 3.3% in 2024, trimming its estimates from March. It said the US economy would grow only 1.6% in 2025 and 1.5% in 2026, citing US President Donald Trump's tariff announcements.

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