World Bank retains India's GDP growth at 6.3 % for 2023-24 despite global headwinds

• The World Bank has decided to maintain its growth forecast for India in the fiscal year 2023-24 at 6.3 per cent. This decision comes as India continues to exhibit strong economic growth despite facing substantial external challenges. 
• The World Bank in its April report had cut India's growth forecast for 2023-24 to 6.3 per cent from the earlier 6.6 per cent.   According to the World Bank's latest India Development Update (IDU),  the international financial institution's flagship half-yearly report on the Indian economy, observed that despite significant global challenges, India was one of the fastest-growing major economies in 2022-23 at 7.2 percent.
   

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Published date : 03 Oct 2023 05:17PM