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The World Bank says South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels
New Delhi: World Bank senior economist Dhruv Sharma has said India must achieve an approximate growth rate of 8 percent to attain developed country status by 2047, and underscored that achieving such rapid growth is unlikely with the current low level of female workforce participation, media reported.
NEW DELHI — South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the
The World Bank says South Asia is expected to grow by 5.8% this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels
India needs to achieve a growth rate of 8% to become a developed economy by 2047, according to the World Bank's India country director. The bank has kept its growth forecast for India at 6.3% for FY24, which is still one of the highest growth rates among major economies. Despite concerns about high inflation and interest rates, the Indian economy has shown resilience to global headwinds.