World Bank Cuts India’s growth Forecast

World Bank Cuts India’s growth Forecast

Daily Current Affairs   /   World Bank Cuts India’s growth Forecast

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Category : Business and economics Published on: April 15 2022

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  • The World Bank has slashed India's GDP forecast for fiscal year 2022-23 to 8% from 8.7% predicted earlier, citing worsening supply bottlenecks and rising inflation risks caused by Russia's invasion of Ukraine.
  • Asian Development Bank Outlook 2022 earlier said that India is likely to maintain its position as the 
  • The World Bank said the credit offtake in infrastructure was expected to continue growing in 2022fastest-growing major economy with a growth rate of 7.5% for 2022-23.
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