Page 15 - India Development Update News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New Delhi, April 4: 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.

Global economic prospects have shown a significant deceleration for the year 2023 as 94 economies are expected to grow below the pre-pandemic level of 2019, showed an analysis conducted by industry body PHD Chamber of Commerce and Industry's (PHDCCI) research bureau.

Get latest articles and stories on Business at LatestLY. The analysis by PHDCCI was based on the IMF database on the GDP growth of the countries according to their GDP growth rates for 2019, 2020, 2021, and 2022 and the projections for 2023. Business News | India, Japan Growing Above Pre-pandemic Levels Among Top 10 Economies: PHDCCI Report.

India now has a business environment that can compete with that of China and the rest of Southeast Asia, and could attract more foreign investments, the Economist Intelligence Unit (EIU) said in its report.

India seems “unstoppable” in its momentum to become the third economic superpower and touch the $10 trillion mark by 2035, according to the Centre for Econ..