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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.
The Indian rupee would do pretty well in 2022 when compared to other emerging market peers, according to senior World Bank economist Dhruv Sharma.
{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.
"The rupee has depreciated just about 10 per cent over the course of this year. That might sound like a large number, but relative to many other emerging market peers, India hasn't fared that badly," a senior World Bank economist said.