In its latest Global Economic Prospects report, the World Bank forecasts India’s gross domestic product (GDP) growth at 8.3 percent for the current fiscal year and 8.7 percent for the fiscal year 2022-23. The World Bank raised India’s growth prediction for FY23 to 8.7% and for FY24 to 6.8% in the study. According to the report, the upgrade reflects increased private sector and infrastructure investment, as well as rewards from continuing reforms.
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Note: The above-mentioned project news is taken from ProjectX India | 15th January 2022 edition. Click here to buy this issue.