Question
The World Bank in its latest Global Economic Prospects report, cut its 2022-23 (FY23) real gross domestic product (GD
- P growth forecast for India to _______%.
Solution
The World Bank in its latest Global Economic Prospects report, cut its 2022-23 (FY23) real gross domestic product (GDP) growth forecast for India to 7.5 per cent, from 8 per cent. Growth is expected to slow further to 7.1 per cent in 2023-24. World Bank also lowered its global growth forecast for calendar year 2022 to 2.9 per cent from 4.1 per cent.
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