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The World Bank has revised India 2022-23 GDP growth forecast upward to 6.9 per cent from the earlier estimate of 6.5 per cent, due to robust economic activiti
In its India Development Update, the World Bank said the revision was due to the higher resilience of the Indian economy to global shocks and better-than-expected second-quarter numbers.
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.
{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.