Home » World Bank raises GDP growth projection...

World Bank raises GDP growth projection for India to 10.1% for FY22

Sumit Arora Published On April 1st, 2021 Leave a comment

The World Bank has revised upward the GDP growth projections for India by 4.7 percentage points to 10.1 per cent for the financial year 2021-22, due to a strong rebound in private consumption and investment growth. Earlier the bank had pegged the GDP growth at 5.4 per cent for FY22.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Apart from this, the World Bank has forecast the economy to contract by 8.5 per cent in FY21 (2020-21). The multilateral agency has also projected economic growth at 5.8 per cent for India during FY23 (2022-23).

Important takeaways for all competitive exams:

World Bank Headquarters: Washington, D.C., United States.
World Bank Formation: July 1944.
World Bank President: David Malpass.

Find More News on Economy Here

About the Author

Sumit Arora

Author

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.