The World Bank has estimated that India will grow 6.5% in the current fiscal year (FY22-23), after having grown at 8.7% in the fiscal year ended March 31.
The estimate for the current year was revised downwards by one percentage point since June due to persistent pressures. The Indian economy is expected to speed up to 7.0% in the next fiscal year, before settling back down to 6.1% in FY24-25.
