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World Bank predicts India to retain fastest-growing major economy status despite...
source link: https://nextbigwhat.com/world-bank-predicts-india-to-retain-fastest-growing-major-economy-status-despite-slowdown/
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World Bank predicts India to retain fastest-growing major economy status despite slowdown
- The World Bank forecasts India’s growth at 6.4% in FY25 and 6.5% in FY26, supported by robust public investment and improved corporate balance sheets.
- India’s own forecast for the fiscal year ending in March is a 7.3% growth, the highest among major global economies.
- The World Bank warns of potential risks from extreme weather events and elections, and highlights the need for policies to reduce uncertainty and strengthen growth potential.
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