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

PM Modi will inaugurate and lay the foundation stones for development projects worth ₹16,450 crore in Kerala and Tamil Nadu on March 11, 2026.
Read More....
The 11th edition of the India-Seychelles joint military exercise 'Lamitiye 2026' is being held at the Seychelles Defence Academy from March 9 to 20.
Read More....
Researchers from Berhampur University have discovered a rare amphipod species, 'Stenothoe lowryi,' for the first time in Indian waters at Ganjam, Odisha.
Read More....
The Central Industrial Security Force (CISF) is celebrating its 57th Raising Day on March 10, 2026, marking its establishment in 1969.
Read More....
According to the SIPRI Report 2021–25, India remains the world's second-largest arms importer, accounting for 8.2% of global imports.
Read More....
Actress Rashmika Mandanna has been honored with the Best Actress award for the film 'The Girlfriend' at the Telangana Gaddar Film Awards.
Read More....
Vir Chakra awardee and 1965 war hero Lance Havildar KG George passed away at the age of 95 in Kottayam, Kerala.
Read More....
The Ministry of Panchayati Raj has launched the 'Say No To Proxy Sarpanch' campaign to empower women and curb the 'Sarpanch Pati' practice.
Read More....
Mojtaba Khamenei has been appointed as the new Supreme Leader of Iran by the Assembly of Experts following the death of his father.
Read More....
State Bank of India (SBI) has launched a $500 million syndicated social loan facility dedicated to women’s economic empowerment.
Read More....