India GDP Growth Forecast 7.1% - World Bank

The World Bank has predicted that India's Gross Domestic Product (GDP) growth will rise to 7.1% in the 2026-27 financial year.

A strong domestic output, government capital expenditure, and growth in the services sector are key drivers for economic upliftment, according to the World Bank report.

📚 School Textbook Link: 10th Standard / 12th Standard · Economics / Social Science · 10th Social: Economics Unit 1 (GDP & its Growth) / 12th Economics: Chapter 2 (National Income) · Gross Domestic Product (GDP), National Income & World Bank Organizations

🎯 TNPSC Exam Key Notes:

• The World Bank has projected India's GDP growth to be 7.1% in 2026-27 (previous estimate 7%).
• GDP Formula (Expenditure Method): Y = C + I + G + (X - M) [Consumption + Investment + Government Expenditure + Net Exports].
• Net Domestic Product (NDP): GDP - Depreciation.
• Organization calculating National Income and GDP in India: NSO (National Statistical Office - MoSPI).
• Per Capita Income: National Income / Total Population.
• World Bank Headquarters: Washington D.C., USA (President: Ajay Banga).

📌 KEY FOR TNPSC:

• First National Income Estimate: Dadabhai Naoroji (1867-68 - 'Poverty and Un-British Rule in India').
• Person who scientifically calculated National Income in India: Professor V.K.R.V. Rao (1931-32).