World Bank cuts India's economic growth forecast to 7.5% for FY23
World Bank cuts India's economic growth forecast to 7.5% for FY23
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World Bank cuts India's economic growth forecast to 7.5% for FY23
The World Bank slashed India's economic growth forecast for the current fiscal to 7.5 per cent.
This is the second time that the World Bank has revised its GDP growth forecast for India in the current fiscal 2022-23.
India's economic growth, World bank, investors service, global economic prospects, world bank, reserve bank, gdp growth, Indian economy, Global Economic Prospects
Washington, June 7 (PTI): The World Bank on Tuesday cut India’s economic growth forecast for the current fiscal to 7.5 per cent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery. This is the second time that the World Bank has revised its GDP growth forecast for India in the current fiscal 2022-23 (April 2022 to March 2023). In April, it had trimmed the forecast from 8.7 per cent to 8 per cent and now it is projected at 7.5 per cent. The GDP growth compares to an 8.7 per cent expansion in the previous 2021-22 fiscal. “In India, growth is forecas...