Back to today’s briefing

Story perspectives

India's Economic Growth Forecast Slashed Amid Global Turmoil

7/2/2025

39 5

Summary

Story summary

India's economic growth is under pressure as global uncertainties loom. The World Bank has downgraded its FY26 forecast to 6.3%, citing sluggish exports and escalating trade tensions. Unseasonal rains have further weakened consumer demand, causing sharp declines in sales and seasonal hiring, while younger borrowers face rising fintech loan delinquencies.

1 of 1

Story summary

India's economic growth is under pressure as global uncertainties loom. The World Bank has downgraded its FY26 forecast to 6.3%, citing sluggish exports and escalating trade tensions. Unseasonal rains have further weakened consumer demand, causing sharp declines in sales and seasonal hiring, while younger borrowers face rising fintech loan delinquencies.