World Bank revised its GDP growth forecast for India

World Bank revised its GDP growth forecast for India

Daily Current Affairs   /   World Bank revised its GDP growth forecast for India

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Category : Business and economics Published on: June 09 2022

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  • The World Bank on Tuesday cut India's economic growth forecast for the current fiscal to 7.5 per cent as rising inflation, supply chain disruptions and geopolitical tensions taper recovery.
  • This is the second time that the World Bank has revised its GDP growth forecast for India in the current fiscal 2022-23 (April 2022 to March 2023). 
  • In April, it had trimmed the forecast from 8.7 per cent to 8 per cent and now it is projected at 7.5 per cent.
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