India’s growth rate: World Bank cuts India’s growth rate, what are the current figures. India’s growth rate The World Bank has reduced India’s growth rate for the year 2022 to 2023. What are the current figures?

In a report released ahead of the annual meeting of the International Monetary Fund (IMF) and the World Bank, the World Bank downgraded India’s growth rate.

India's growth rate: World Bank has reduced India's growth rate, what are the current figures

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Mumbai, by world bank (world Bank) India’s growth rate (India’s Growth Rate) New figures have been announced. In this India’s growth rate has come down to 6.5. financial year by world bank 2022-23 These figures have been released for India’s growth rate was earlier 7.5 percent. A World Bank report said the effect was due to the Russo-Ukraine war and global monetary tightening. The World Bank has reduced India’s growth rate by 1 percent.

World Bank explained the reason for the shortfall

The World Bank report cited the Russia-Ukraine war and the global economic crisis as reasons for the cuts, which will affect the economic outlook. In this period of uncertainty, private investment is likely to decline. The report predicts that the fall in global demand will have an impact on the country’s exports as well.

due to the international situation

In a report released ahead of the annual meeting of the International Monetary Fund (IMF) and the World Bank, the bank said that India is stronger than other countries in the world. Interestingly, India’s growth rate in the last fiscal was 8.7 percent.

World Bank Chief Economist Hans Timmer said in the report that the international situation is deteriorating for India and all other countries. As a result, the rest of the year will be challenging for all countries.

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India’s praise in the report

Chief Economist Hans Timmer has praised India saying that the Indian economy has performed well compared to other countries in South Asia with strong growth. The pace of recovery from Corona in the country is also fast. Apart from this, he also said that the Indian economy has performed well, especially in the services sector.

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