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.