Page 17 - India Development Update News Today : Breaking News, Live Updates & Top Stories | Vimarsana

NEW DELHI, Dec 6: World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23 from 6.5 per cent earlier. World Bank’s India Development Update said India is affected by spillovers from the US, Euro area and China. It however saw the government meeting the fiscal deficit target of 6.4 per cent of the GDP in 2022-23. World Bank expects the inflation at 7.1 per cent in current fiscal year. (Agencies)

World Bank upgrades India's GDP growth forecast to 6.9% for FY23. The World Bank raised its GDP growth forecast for India to 6.9 percent in 2022-23 from 6.5 percent previously. World Bank's India Development Update said India is affected by spill overs from the US, Euro area and China.

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

The rupee has done relatively better in 2022 compared to other emerging markets, World Bank economist Dhruv Sharma said on Tuesday.In the last one year, the rupee has depreciated by around 10 per cent and though it may sound like a huge figure, ...

World Bank Country Director in India Auguste Tano Kouame on Tuesday stated that the Indian economy has been remarkably resilient despite a challenging external environment and the country's government through its policy reforms and prudent regulatory measures has played a key role and is putting a lot of effort to make the economy dynamic.