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The Times of India
The Times of India
Business
PTI

World Bank downgrades India's economic growth forecast to 6.5% for FY23

World Bank India Economy Covid-19 Environment Washington D.C.

WASHINGTON: The World Bank on Thursday projected a growth rate of 6.5 per cent for the Indian economy for the fiscal year 2022-23, a drop of one per cent from its previous June 2022 projections, citing deteriorating international environment.

In its latest South Asia Economic Focus released ahead of the annual meeting of the International Monetary Fund and the World Bank, the Bank, however, noted that India is recovering stronger than the rest of the world.

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