India Started The Year On A Resilient Note, 6.6% GDP Growth In FY27 Expected

Despite the oil price shock from the West Asia crisis and the prospects of a weak monsoon, the World Bank expects India to grow by 6.6% this fiscal, says Aurélien Kruse, Lead Economist for India at the World Bank, adding that these have been built into its forecast. It expects global crude oil prices to average around $90-$100 per barrel in 2026. Rupee is not the only currency that has depreciated, he points out.