Categories: Economy

World Bank Projects Indian GDP to grow at 8.3% in FY22

The World Bank has estimated India’s real Gross Domestic Product (GDP) in the current fiscal year 2021-22 to grow by 8.3% in its latest economic update for South Asia. India’s economy, South Asia’s largest, is expected to grow by 8.3 per cent in the fiscal year 2021-22, aided by an increase in public investment and incentives to boost manufacturing,”. The World Bank said in its update on South Asia, titled ‘Shifting Gears: Digitization and Services-led Development.

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The GDP growth projection for India in three fiscal years as per World Bank is as follows:

  • 2021-22 (FY22): 8.3%
  • 2022-23 (FY23): 7.5%
  • 2023-24 (FY24): 6.5%

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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