GST 2.0 Reforms Boost India's Growth, World Bank Projects 6.5% GDP for FY26

The World Bank revised India's GDP growth forecast for FY26 to 6.5%, highlighting the positive impact of GST 2.0 reforms, resilient domestic demand, and rural recovery. This reflects India's position as one of the fastest-growing major economies. The World Bank also issued a cautionary note for FY27, lowering growth forecast to 6.3%, citing potential risks from higher U.S. tariffs affecting exports. These reforms are expected to improve tax compliance, revenue collection, and overall economic stability.