Indian economy to grow at 6.3% in FY24: World Bank
The Hindu
India's economy is projected to grow at 6.3% in 2023-24, driven by investment and domestic demand, World Bank report states. Inflation is expected to decrease gradually due to normalisation of food prices and government measures, the report said
The Indian economy is projected to grow at 6.3% in the current financial year aided by investment and domestic demand.
According to a World Bank report released on Tuesday (October 3), India continues to show resilience against the backdrop of a challenging global environment.
In India, which accounts for the bulk of South Asia region, growth is expected to remain robust at 6.3% in 2023-24, India Development Update of the World Bank said.
On inflation, the report said, it is expected to decrease gradually as food prices normalise and government measures help increase the supply of key commodities.
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