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World Bank cuts India's economic growth forecast for FY23

Category : Business and economics
Published on: October 08 2022 Share on facebook

  • Citing the deteriorating global scenario, the World Bank downgraded India`s GDP forecast for the current fiscal to 6.5 per cent. 
  • This is the third time the World Bank revised its GDP growth forecast for India in FY23. 
  • In June, it had slashed its forecast to 7.5%. Earlier in April, it had trimmed the forecast from 8.7% to 8%.
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