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Get latest articles and stories on India at LatestLY. Taking to Twitter, Malviya said, "You, Mr Chidambaram, seem to be living under a rock or intentionally lying. The same World Bank (India Development Update dated Apr 1, 2023) report you have quoted talks about the resilience of India's growth, even in the face of global slowdown... India growth story is real." India News | "Seems Chidambaram is Living Under a Rock...:" BJP's Malviya.
India's growth continues to be resilient despite some signs of moderation in growth in the second half of the last fiscal, the World Bank said today.
The growth rate is expected to moderate to 6.3 per cent in FY24 due to shrinkage in consumption on the back of slower income, the report, The India Development Update, highlighted.
The report projects Current Account Deficit to moderate to 2.1 per cent in FY24, as against 3 per cent in the current financial year
According to a World Bank report, India's growth continues to be resilient amid global uncertainties.