World Bank upgrades India’s GDP growth forecast to 6.9% for FY23

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The World Bank on Tuesday revised its GDP growth forecast for India to 6.9 per cent from 6.5 per cent for 2022-23.

The World Bank’s India Development Update states that India is affected by spillovers from the US, the Eurozone and China.

It did however see the government meeting its fiscal deficit target of 6.4 per cent of GDP in 2022-23.
The World Bank expects inflation to be 7.1 per cent in the current financial year.

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