Page 18 - India Development News Today

The World Bank has revised India 2022-23 GDP growth forecast upward to 6.9 per cent from the earlier estimate of 6.5 per cent, due to robust economic activiti

In its India Development Update, the World Bank said the revision was due to the higher resilience of the Indian economy to global shocks and better-than-expected second-quarter numbers.

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.

{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.

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.

The World Bank forecasted 7.1 percent inflation in the current fiscal year on Tuesday, but warned that a drop in commodity prices might temper inflationary pressures.

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