World Bank projects India’s growth at 7.2% in FY26 on "resilient activity"
New Delhi: The World Bank has projected India’s economic growth at 7.2 per cent in FY2025-26, saying strong domestic demand despite rising global trade tensions, the World Bank said on Tuesday.
According to NDTV, in its latest Global Economic Prospects report released on Tuesday, the World Bank said India’s resilience has lifted overall growth in South Asia in 2025, offsetting the impact of heightened policy uncertainty and global trade frictions.
The report noted that growth in South Asia strengthened to 7.1 per cent in 2025, “mainly because of resilient activity in India.” The World Bank does not include Pakistan and Afghanistan in South Asia, and their economies are included in the Middle East and North Africa division.
India's expansion is "mainly reflecting robust domestic demand, including strong private consumption, supported by earlier tax reforms and improvements in real household earnings in rural areas", the bank said.
The World Bank projected India’s growth to moderate to 6.5 per cent in FY2026-27, assuming higher US import tariffs remain in place, before edging up to 6.6 per cent in FY2027-28. The bank attributed this to strong services activity, a recovery in exports, and improved investment flows.
Despite higher tariffs on certain Indian exports to the United States, the report said India’s growth outlook remains unchanged from earlier projections because "the adverse impacts of higher tariffs will be offset by stronger momentum in domestic demand than previously anticipated".
Across South Asia, India continues to be the region’s primary growth engine. Excluding India, growth in South Asia is forecast to rise to 5.0 per cent in 2026 and 5.6 per cent in 2027, while the region as a whole is expected to slow to 6.2 per cent in 2026 before rebounding.
For developing economies, including India, the report stressed the importance of improving productivity and job creation. It said per capita income growth in developing economies is projected at 3 per cent in 2026, well below long-term averages, limiting convergence with advanced economies.
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Indian crew killed in 'unfortunate' maritime incident: Indian mission in Dubai
Dubai (PTI): An Indian crew member was killed in an "unfortunate" maritime incident, the Indian mission said on Friday, extending assistance.
The Indian Consulate in Dubai did not give much information about the incident but said it was "saddened to learn of the unfortunate incident at Sea that caused the tragic death of an Indian crew of a ship".
In a post on X, the Consulate said it was in touch with the ship's owner and is ascertaining further details.
"The Consulate will render all possible assistance in this matter on priority. Our deepest condolences," it said.
