World Bank upgrades India’s GDP forecast to 6.9 pc

Updated:1 month, 3 weeks ago

New Delhi Dec 06 (ANI): The World Bank has revised its GDP growth forecast for India for the current financial year to 6.9 per cent due to robust economic activities in the country. Earlier it estimated India’s GDP growth to be 6.5 per cent. While briefing the media about World Bank’s new flagship report, World Bank Senior Economist, Dhruv Sharma, said, “India is more resilient now than it was 10 years ago. All steps taken over the past 10 years are helping India navigate the global headwinds.” “India's economy has rebounded fairly robustly following the contraction that occurred during the pandemic year. This story of the rebound has been driven largely by robust domestic demand. Rupee has depreciated by just about 10% over the course of this year. India has not fared that badly compared to other emerging markets.”

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