World Bank cuts India's growth forecast to 6.3 pc in FY24
(This story has not been edited by THE WEEK and is auto-generated from a PTI
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(This story has not been edited by THE WEEK and is auto-generated from a PTI
NEW DELHI – India’s growth continues to be resilient despite some signs of moderation in growth, says the World Bank in its latest India Development Update, the World Bank India’s biannual flagship publication.The Update notes that although signific
New Delhi, Apr 4 (EFE).- The World Bank Tuesday said it lowered India’s economic growth projection for the current fiscal to 6.3 percent from its earlier estimate of 6.6 percent. “Growth is expected to be constrained by slower consumption growth and challenging external conditions,” the World Bank said in its India Development Update. “Rising borrowing …
“The Indian economy continues to show strong resilience to external shocks," said Auguste Tano Kouame, World Bank's Country Director in India.
Growth is likely to be constrained by slower consumption growth and challenging external conditions, the World Bank said in its India Development Update.