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.

Practice Next

Relevant for Exams:

×
×