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World Bank says India has macro buffers to weather Gulf crisis and energy price shock
Economy
Published on 24 April 2026
Energy prices could surge, but India’s buffers may cushion
The World Bank projects India’s GDP growth at 6.6% for FY27 and sees an average 7.1% from FY28 to FY29, despite risks from the Gulf conflict. It warns global energy prices could rise, but argues India’s macro strength—bolstered by reserves and low inflation—gives room to absorb shocks. It also stresses private sector growth for jobs and Viksit Bharat goals.
- FY27 growth forecast stands at 6.6% despite Gulf-linked risks
- World Bank flags global energy price volatility from the crisis
- Reserves and low inflation are cited as stabilizing buffers
- Private sector expansion is key for job creation
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times