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In its India Development Update, the global financial institution said that the revised update was mainly due to greater resilience shown by the Indian economy against global shocks and better September quarter figures.The
The World Bank has revised India's GDP forecast upward to 6.9% for this fiscal. It's notable that the bank had cut India's GDP growth forecast to 6.5% from 7.5% in October.
NEW DELHI, Dec 6: 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. In its India Development Update, the World Bank said the revision was due to higher resilience of the Indian economy to global shocks and better-than-expected second quarter numbers. India’s economy grew at 6.3 per cent in September quarter 2022-23 as compared to 13.5 per cent in the […]
The World Bank on Tuesday has said it expects inflation to be 7.1 percent in the current fiscal year but cautioned that the decline in commodity prices could da
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