The World Bank, in its Global Economic Prospects report, has projected India’s economy to grow by 6.7% in the next two fiscal years, starting April 2025. This forecast slightly improves upon the current fiscal year’s estimated growth rate of 6.5%, making India the fastest-growing large economy globally.

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• India’s GDP growth projected at 6.7% for the next two fiscal years, starting April 2025.
• Current fiscal year growth estimated at 6.5%, down from 8.2% in 2023-24.
• Growth supported by sustained expansion in services and strengthened manufacturing.
• Government initiatives to improve the business environment will bolster manufacturing growth.
• India remains the fastest-growing major economy, outpacing China’s projected 4.5% growth this year and 4% next year.
• Global GDP growth remains sluggish at 2.7%, continuing through 2026.
• Risks include adverse trade policy shifts and tariff hikes, potentially impacting India.
• Drop in growth attributed to slowed investment and weak manufacturing performance.
• World Bank projections align closely with UN estimates of 6.6% and 6.8% growth for India in the next two years.