World Bank Projects India’s growth forecast 8% for FY23
- The World Bank has slashed the GDP growth forecast for India in FY2022/23 to 8 percent in its bi-annual “South Asia Economic Focus” report, due to the negative impact of the war in Ukraine on FY23 growth.
- Earlier in January 2022, growth forecast for FY23 was estimated at 8.7 percent.
Source: Business Standard
Points to Remember:
- GDP growth forecast of India in 2022-23 as per World Bank?