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While India continues to outperform major economies, the commentary about the state of the global economy is rather sober. | Latest News India

The Reserve Bank of India's Governor, Shaktikanta Das, stated that India's economy remains resilient despite global trends. He mentioned that domestic economic activity is strong due to robust domestic demand. However, Das also warned of risks to India's outlook, including geopolitical tensions, global economic slowdown, and uneven monsoon. The panel projected India's real GDP growth for 2023-24 at 6.5% and emphasized the need to remain vigilant.

What percentage of growth is required by India to grow at this point in time? What does the country need to do the most in order to become a developed country? The World Bank report explains.

The Indian economy is projected to grow at 6.3 per cent in current financial year aided by investment and domestic demand. According to a World Bank report released on Tuesday, India continues to show resilience against the backdrop of a challenging global environment. In India, which accounts for the bulk of South Asia region, growth is expected to remain robust at 6.3 per cent in 2023-24, India Development Update of the World Bank said.

India will remain one of the fastest growing major economies even as its growth is expected to moderate to 6.3% in 2023-24 from 7.2% in 2022-23, the report said | Latest News India