Page 10 - India Development Update News Today

Fitch Ratings retained the economic growth forecast for India at 7% for the current fiscal in its global economic outlook.

The World Bank cited tightening monetary policy and high commodity prices as factors impacting the country's growth.

The Indian rupee would do pretty well in 2022 when compared to other emerging market peers, according to senior World Bank economist Dhruv Sharma.

{title} - The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks.

"The rupee has depreciated just about 10 per cent over the course of this year. That might sound like a large number, but relative to many other emerging market peers, India hasn't fared that badly," a senior World Bank economist said.

Rupee slumps 76 paise to close at 82.61 against US dollar. In addition, investors remained concerned over continued foreign capital outflows ahead of the RBI's policy announcement on Wednesday, forex dealers said.

In its India Development Update, the global financial institution said that the revised update was mainly due to greater resilience shown by the Indian economy against global shocks and better September quarter figures.The

The World Bank on Tuesday expressed optimism that India's real GDP would grow at 6.9 per cent in the current fiscal, an improvement from its previous projection of 6.5 per cent.In its India Development Update, the global financial institution ...

This is the first upgrade of India’s growth forecast by any international agency amid global turmoil

In its India Development Update, the global financial institution said that the revised update was mainly due to greater resilience shown by the Indian economy against global shocks and better September quarter figures.The