World Bank retains India's GDP for FY22 at 8.3%

World Bank retains India's GDP for FY22 at 8.3%

Daily Current Affairs   /   World Bank retains India's GDP for FY22 at 8.3%

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Category : Business and economics Published on: January 13 2022

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  • The World Bank retained India's economic growth forecast at 8.3 per cent for fiscal year 2021-22.
  • The World Bank has kept India's growth estimate unchanged since June 2021 outlook as the recovery is yet to become broad-based.
  • The World Bank's projections come after India's government advance estimates projected India's GDP to grow at 9.2% in the current financial year ending March 2022.
  • World Bank's projection of 8.3 per cent is lower than the government's first advance estimates of gross domestic product (GDP) of 9.2 per cent released last week and 9.5 per cent projected by the Reserve Bank of India (RBI).
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