Page 14 - India Development News Today

Get latest articles and stories on India at LatestLY. Taking to Twitter, Malviya said, "You, Mr Chidambaram, seem to be living under a rock or intentionally lying. The same World Bank (India Development Update dated Apr 1, 2023) report you have quoted talks about the resilience of Indias growth, even in the face of global slowdown... India growth story is real." India News | "Seems Chidambaram is Living Under a Rock...:" BJPs Malviya.

India's growth continues to be resilient despite some signs of moderation in growth in the second half of the last fiscal, the World Bank said today.

The growth rate is expected to moderate to 6.3 per cent in FY24 due to shrinkage in consumption on the back of slower income, the report, The India Development Update, highlighted.

The report projects Current Account Deficit to moderate to 2.1 per cent in FY24, as against 3 per cent in the current financial year

According to a World Bank report, India's growth continues to be resilient amid global uncertainties.

Sluggish consumer growth and difficult external conditions will restrain Indias GDP growth, , gross domestic product, world bank

India's growth, World Bank, said, is expected to be constrained by slower consumption growth and challenging external conditions.

India's GDP is expected to slide down to 6.3 per cent in 2023-24 as against its earlier estimate of 6.6 per cent, mainly due to consumption falling owing to higher borrowing costs, according to a World Bank report released on Tuesday.Since May ...

World Bank in its latest India Development Update report has cut India's growth forecast for 2023-24 to 6.3 per cent from earlier 6.6 per cent.

The World Bank on Tuesday said it has lowered its forecast for India's economic growth in the current fiscal year that started on April 1