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

  • LIC launched MyLIC and Super Sales Saathi apps to provide seamless digital services for customers and agents.

    Read More....

  • Rajya Sabha Election Harivansh became the first nominated member to be re-elected unopposed as Rajya Sabha Deputy Chairman for a third term.

    Read More....

  • Chhattisgarh UCC Chhattisgarh approved a high-level committee to draft a framework for implementing the Uniform Civil Code in the state.

    Read More....

  • India’s Economy Ranking India became the world's 6th largest economy in 2025 with a GDP of $4.15 trillion, according to IMF data.

    Read More....

  • The Asian Development Bank raised India’s GDP growth forecast for FY27 to 6.9% citing strong domestic demand.

    Read More....

  • World Hemophilia Day 2026 was observed on April 17 with the theme “Diagnosis: First Step to Care.”

    Read More....

  • Punjab Police partnered with IIT Ropar to develop an AI-based system for real-time crime tracking and data analysis.

    Read More....

  • The Philippines joined the US-led “Pax Silica” initiative to secure global semiconductor supply chains and build an industrial hub.

    Read More....

  • PM Narendra Modi will chair India’s first high-level conference dedicated exclusively to the Central Armed Police Forces.

    Read More....

  • The Supreme Court ruled that dowry givers who are victims of harassment cannot be prosecuted under the Dowry Prohibition Act.

    Read More....