NEW DELHI: The World Bank on Wednesday lowered India's gross domestic product (GDP) forecast for financial year 2022-23, citing impacts of the Russia-Ukraine crisis.
In its report titled 'Reshaping norms: A new way forward' which focusses on South Asian economy, the international lender lowered its growth estimate for India to 8 per cent from 8.7 per cent for the current fiscal year. It also cut by a full percentage point the growth outlook for South Asia, excluding Afghanistan, to 6.6 per cent.
