Global Economic Prospects Report

Why in news ? In its flagship report "Global Economic Pros-pects", the World Bank said growth in India is projected to slow to 6.5% in 2026-27.
•    The World Bank has raised India’s GDP growth forecast for FY 2025–26 to 7.2%.
•    This is an upward revision of 0.9 percentage points from its June projections.
•    The projection assumes that 50% U.S. import tariffs remain in place throughout the forecast period.
•    Despite this, India is expected to remain the fastest-growing major economy in the world.
•    The growth outlook remains unchanged compared to June despite higher U.S. tariffs on some exports.
•    The negative impact of tariffs is expected to be offset by strong domestic demand and resilient exports.