The World Bank has projected the Indian economy to grow at the following rate in its ‘Global Economic Prospects’ report released on January 11, 2022. The World Bank retained its FY22 growth forecast for India at 8.3 per cent but upgraded it to 8.7 per cent for FY23, from 7.5 per cent estimated earlier, citing improving growth prospects, especially a reviving private capex cycle.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The forecast for FY2022/23 and FY2023/24 for India has been upgraded to 8.7 per cent and 6.8 per cent, respectively, reflecting higher investment from the private sector and in infrastructure, and dividends from ongoing reforms.
World Bank has lowered the Global economy growth rate as follows:
For the India’s freedom struggle, slogans of the freedom fighters also became an integral part…
The Independence Day 2026 of India will be marked on August 15, 2026. However, a…
Partition of Bengal in 1905 was one of the most disputed decisions made by the…
Indian National Congress (INC) was established in 1885 and emerged as one of the most…
An overland trade route directly linking Russia with India through railways has the potential of…
The Dhansiri River is one of the significant rivers of Northeast India, being one of…