Key Points
The World Bank on Tuesday lowered its forecast for India's economic growth in the current fiscal year that started on April 1 to 6.3% from 6.6% as it expects higher borrowing costs to hurt consumption...
To tame inflation, India's central bank has raised interest rates by 250 basis points since May...
Spillover from recent turmoil in financial markets in the United States and Europe pose a risk to short-term investment flows to emerging markets, including India, said World Bank economist Dhruv Sharma...
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World Bank lowers India FY24 growth forecast to 6.3%
06, Apr, 23The finance ministry's Economic Survey has projected economic growth to be 6.5 per cent in the 2023-24 fiscal beginning April 2023, while the RBI has projected India's economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the previous fiscal.
World Bank says India’s growth to moderate to 6.3% in FY24 from 7.2% in FY23
03, Oct, 23The bank maintained that India will remain one of the fastest-growing major economies in the world.
International confidence in India at all-time high: RBI Governor at Davos
17, Jan, 24Davos [Switzerland], January 17 (ANI): International confidence in India is at an all-time high and confidence among investors is growing, said Reserve Bank of India (RBI) Governor Shaktikanta Das. “There is growing confidence on India and I think the international confidence on India is perhaps at an all-time high,” Das told ANI, on the sidelines […]
World Bank maintains India current fiscal year growth forecast at 6.3%
03, Oct, 23NEW DELHI (Reuters) - The World Bank on Tuesday maintained its forecast for India's economic growth for the current fiscal year that started on April 1, saying the South Asian economy continued to
Indian economy to grow at 6.3% in FY24: World Bank
03, Oct, 23India Business News: The World Bank has maintained India's growth forecast at 6.3% for the current financial year, citing resilience against global headwinds. The bank als
India’s GDP growth for FY23/24 to be at 6.3%, forecasts World Bank
03, Oct, 23The World Bank said it observed that India was one of the fastest-growing major economies in financial year (FY) 2022-2023 at 7.2 per cent, despite significant global challenges
India's economic resilience: IMF predicts Indian economy will grow by nearly 6 per cent this fiscal year
28, Apr, 23The International Monetary Fund (IMF) on April 11, released its latest World Economic Outlook report, projecting that the Indian economy will grow by 5.9 per cent in the current fiscal year, making it the fastest-growing economy in the world. Nonetheless, the organization also warned that disruption in the financial system could have a detrimental effect on overall global growth.
World Bank raises India's inflation forecast to 5.9% for FY24 on higher oil prices, abnormal monsoon
03, Oct, 23The World Bank has kept India's growth forecast unchanged at 6.3% for FY24, citing investment as a significant driver. However, it has revised its inflation projection to 5.9% from 5.2%. It also notes that inflation is likely to spike more than expected due to abnormal rainfall and the concern over oil prices.
Growth drivers to help India grow 6.5-7% even in a volatile year with elections: Vishrut Rana, S&P Global
28, Nov, 23“We expect a growth slowdown in 2024 globally, out of Europe and the US and we believe that is going to affect the external environment for India and slow down activity a little bit in FY25. But beyond that, we continue to expect pretty strong growth out of India nearing the 6.5-7% mark.”