LIVE: Amid Trump's Trade War, India’s Growth Forecast Raised to 6.5% | Vantage on Firstpost
The World Bank has raised India’s GDP growth forecast for the current financial year to 6.5%, up from 6.3% in June, citing strong domestic demand, robust agricultural output, and recent tax reforms. Despite pressure from U.S. tariffs—particularly on exports and energy policy—India remains the fastest-growing major economy, according to the latest global assessments. The Bank highlighted improved GST structure, rising rural wages, and resilient consumption as key drivers. However, it also trimmed India’s forecast for next year to 6.3%, warning that Trump’s 50% tariffs on Indian exports—impacting 75% of goods—pose significant risks. Supporting the outlook, S&P and the RBI maintained optimistic forecasts, with the latter projecting 6.8% growth. A potential rate cut in December could further aid businesses. For now, India’s strong domestic market remains its best defence against global headwinds.---
World Bank | India | GDP | Trump Tariffs | Trump Tariffs on India | Donald Trump | Narendra Modi | World Bank Raises India’s GDP Forecast | India Economic Growth 2025 | Strong Domestic Demand Fuels Growth | GST Reforms Boost Indian Economy | US Tariffs Impact Indian Exports | India Remains Fastest Growing Economy | RBI and S&P Economic Outlook | Trump’s Tariffs On India | Potential Rate Cut In December | India’s Resilient Consumption | Firstpost | World News | News Live | Vantage | Palki Sharma | News
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