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World Bank lifts India's FY27 growth forecast to 6.6%, sees GST cuts boosting demand but warns West Asia conflict and high energy prices may slow growth.
The World Bank raised India's FY27 growth forecast to 6.6%, up from 6.5%.
KEY POINTS
- GST rate cuts are expected to boost consumer demand mainly in the first half of FY27.
- The World Bank warns that West Asia conflict and high energy prices may slow India's growth.
- Government consumption growth may soften due to higher subsidy outlays for cooking fuel and fertilisers.
- Improved export access to the US and EU may be offset by slower growth in those regions.
COMPANIES
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