RBI raises FY27 GDP growth projection by 40 bps to 7.1%

October 7, 2026 11:24 AM

RBI raises FY27 GDP growth projection by 40 bps to 7.1%

Reserve Bank of India Governor Sanjay Malhotra on Wednesday raised the central bank's real GDP growth projection for the current financial year 2026-27 by 40 basis points to 7.1 per cent, citing the resilience of domestic economic activity despite global headwinds.   Announcing the outcome of the RBI Monetary Policy Committee meeting, Malhotra said geopolitical tensions, elevated international commodity prices, additional frictions in global trade and tightening global financial conditions co...

World Bank raises India’s FY27 growth forecast to 7.1% from 6.6%

October 6, 2026 3:09 PM

World Bank raises India’s FY27 growth forecast to 7.1% from 6.6%

The World Bank has raised its forecast for India's economic growth in FY27 to 7.1 per cent from 6.6 per cent, citing stronger-than-expected economic activity, robust domestic demand and exports.   In its latest India Development Update, released on Tuesday, the World Bank said India's medium-term growth prospects remain strong despite global headwinds.   The World Bank, however, flagged risks from higher global oil prices, El Nino conditions and potential stock market corrections, which co...