In their opinion, the Indian economy will grow at 6.7 percent in the next fiscal year starting from April next, which is slightly higher than the current fiscal year.
New Delhi: The World Bank has sounded the alarm over India's economic growth. A report has claimed that India's growth rate will be 6.7 percent in the next two fiscals beginning April 2025. This was given about India in a recent report on the estimate of economic growth in South Asia. The World Bank said that India has transformed into the world's fastest growing economic power. In their opinion, the Indian economy will grow at 6.7 percent in the next fiscal year starting from April next, which is slightly higher than the current fiscal year.
The World Bank said, "Sustained expansion in the services sector is expected and manufacturing activity will strengthen, supported by government initiatives to improve the business environment. Investment growth is expected to remain stable, with increasing private investment balancing public investment." According to the World Bank report, India's growth is expected to fall to 6.5 percent in the fiscal year 2024-25 (April 2024-March 2025) due to a slowdown in investment and a slowdown in output growth. However, they also said that purchasing power is stable mainly due to improved rural incomes as well as recovery in agricultural production.
Incidentally, the International Monetary Fund (IMF) has estimated that India's economic growth will be somewhat weaker in 2025. However, the report mentioned that the global economic growth will remain steady. Along with this, IMF Managing Director Kristalina Georgieva has also predicted that the economies of the world's large countries will grow.
New Delhi: The World Bank has sounded the alarm over India's economic growth. A report has claimed that India's growth rate will be 6.7 percent in the next two fiscals beginning April 2025. This was given about India in a recent report on the estimate of economic growth in South Asia. The World Bank said that India has transformed into the world's fastest growing economic power. In their opinion, the Indian economy will grow at 6.7 percent in the next fiscal year starting from April next, which is slightly higher than the current fiscal year.
The World Bank said, "Sustained expansion in the services sector is expected and manufacturing activity will strengthen, supported by government initiatives to improve the business environment. Investment growth is expected to remain stable, with increasing private investment balancing public investment." According to the World Bank report, India's growth is expected to fall to 6.5 percent in the fiscal year 2024-25 (April 2024-March 2025) due to a slowdown in investment and a slowdown in output growth. However, they also said that purchasing power is stable mainly due to improved rural incomes as well as recovery in agricultural production.
Incidentally, the International Monetary Fund (IMF) has estimated that India's economic growth will be somewhat weaker in 2025. However, the report mentioned that the global economic growth will remain steady. Along with this, IMF Managing Director Kristalina Georgieva has also predicted that the economies of the world's large countries will grow.
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