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World Bank upgrades India’s GDP growth forecast to 6.9% for FY23

December 6, 2022
The Dispatch Staff
1 Min Read
World Bank upgrades India’s GDP growth forecast to 6.9% for FY23

New Delhi: World Bank revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23 from 6.5 per cent earlier on Tuesday.

World Bank’s India Development Update said India is affected by spillovers from the US, Euro area and China.
It however saw the government meeting the fiscal deficit target of 6.4 per cent of the GDP in 2022-23.

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Also Read.. India, world’s largest recipient of remittances, received USD 87 bn in 2021

World Bank expects the inflation at 7.1 per cent in current fiscal year. (Agencies)

 

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