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    Question

    According to the revised forecast by the World Bank,

    what is the new GDP growth projection for India in the fiscal year 2024?
    A 6.0% Correct Answer Incorrect Answer
    B 6.3% Correct Answer Incorrect Answer
    C 6.6% Correct Answer Incorrect Answer
    D 6.9% Correct Answer Incorrect Answer
    E 7.2% Correct Answer Incorrect Answer

    Solution

    World Bank expects growth in India to slowdown further to 6.3% in the financial year FY 2023/24 (April to March). This is a 0.3 percentage point downward revision from the previous estimates of 6.6%. The international financial institution attributes constrained private consumption due to high inflation as the main reason for slowdown. Nevertheless, it expects India to continue to be among the fastest-growing economy.

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