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The Times of India

Business

TIMESOFINDIA.COM

Explained: Why World Bank upgraded India's economic forecast for FY23

World Bank India GDP Inflation Economy RBI Deficit Monetary Policy New Delhi

NEW DELHI: The World Bank on Tuesday revised upwards its GDP growth forecast from 6.5% for India to 6.9% for 2022-23, saying the country was showing higher resilience to global shocks.

In its latest India Development Update, the World Bank said the revision was due to higher resilience of the Indian economy to global shocks and better-than-expected second quarter numbers.

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