Estimate of India's growth rate in the current financial year by the World Bank.

Estimate of India's growth rate in the current financial year by the World Bank.

Daily Current Affairs / Estimate of India's growth rate in the current financial year by the World Bank.

Change Language English Hindi

Category : Business and economics Published on: October 04 2023

Share on facebook

In October 2023, the World Bank estimated India's growth rate in the current financial year.
According to the World Bank, India's growth rate in the current financial year is estimated to be 6.3%.
The World Bank has said in its report that India's growth rate is the second highest among G-20 countries and almost double the average of emerging market economies.
This resilience is driven by strong domestic demand, strong public infrastructure investment and a strong financial sector.
The country's bank credit increased by 15.8 percent in the first quarter of the current financial year, whereas it had increased by 13.3 percent in the first quarter of the previous financial year.
The World Bank was established in the year 1944.
Its headquarters is located in Washington DC.

Recent Post's

‘AI for Good – Impact India Summit 2025’ showcased India’s leadership in using Artificial Intelligence for sustainable development and ethical digital growth.
Read More....
Union Minister Shri Sarbananda Sonowal, along with Assam Chief Minister Dr. Himanta Biswa Sarma, distributed capital assistance under the “Mukhyamantri Mahila Udyamita Abhiyan” in Dibrugarh.
Read More....
Prime Minister Shri Narendra Modi inaugurated the “Pradhan Mantri Dhan-Dhanya Kisan Yojana” and “Dalhan Atmanirbhar Mission” in Pusa, Delhi.
Read More....
Sugamya Bharat App launched at Purple Fest to empower persons with disabilities and promote inclusive access.
Read More....
Three major Indian ports:- Deendayal, V.O. Chidambaranar and Paradip designated as Green Hydrogen Hubs to boost India’s clean energy transition.
Read More....
India and the UK launch the Connectivity & Innovation Centre to advance secure, innovative telecom and digital inclusion.
Read More....
Jasprit Bumrah becomes the first Indian fast bowler to play 50 matches across all three formats.
Read More....
The International Union for Conservation of Nature (IUCN) has announced that the green sea turtle (Chelonia mydas) has improved its Red List status from Endangered to Least Concern
Read More....
China Imposes Stricter Controls on Rare-Earth Exports, Raising Global Tech and Security Concerns
Read More....
India inaugurates its first Semiconductor Innovation Museum in Hyderabad to showcase cutting-edge technology and promote innovation.
Read More....