Why The World Bank Raised India's Growth Projection; What's Next

The World Bank has raised India's economic growth forecast from 6.6 per cent to 7 per cent for the financial year 2024-25 citing the growth of agriculture output and policies as a major factor contributing to the employment growth in the economy.
The bank in its South Asia's growth forecast released on October 10th added that Growth in India is projected to reach 7.0 per cent in FY24/25 with larger-than-expected agricultural output and policies to foster employment growth contributing to strong private consumption growth.

Many global rating agencies and multilateral organisations have also revised their growth forecasts for India upward.

#india #economy #worldbank #imf #adbhut

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