World Bank Upgrades India's FY25 Growth, Predicts Over 6% For Next 3 Years
NDTV
The World Bank also said India was the fastest growing global economy in FY24 at 8.2 per cent, on the back of an improved labour market and continuing robust service trade.
The World Bank has upgraded India's growth forecast for FY24/25 to seven per cent from 6.6 per cent, the global financial body said in an India-focused report released Tuesday that also said the country's "robust growth prospects, with declining inflation, will help reduce extreme poverty".
The World Bank report also said India was the fastest growing global economy in FY23/24 at 8.2 per cent, on the back of an improved labour market and continuing robust service trade.
Growth was boosted by public infrastructure investment and increased household real estate investments. On the supply side it was backed by a buoyant manufacturing sector that grew by 9.9 per cent, and resilient services activity that offset an underperforming agriculture sector.
