• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Business

World Bank Projects India’s Growth To Be 6.7 Pc In Next Two Fiscal Years

OMMCOM NEWS by OMMCOM NEWS
January 17, 2025
in Business

United Nations: The World Bank projects India’s economy to grow by 6.7 per cent in the next fiscal year starting in April, slightly higher than in the current fiscal year, and continuing to top the growth tally.

The Word Bank’s Global Economic Prospects released on Thursday estimated the current fiscal year’s growth rate at 6.5 per cent, down from the 8.2 per cent in the previous period.

But it said that “the services sector is expected to enjoy sustained expansion, and manufacturing activity will strengthen, supported by government initiatives to improve the business environment”, buoying the growth projections of 6.7 per cent for the next two fiscal years.

With global gross domestic product growth rate stuck at 2.7 per cent since 2023 and into the projections till 2026 according to the Bank, India is the world’s fastest growing large economy.

China follows it with a projected growth of 4.5 per cent this calendar year, and slowing down to 4 per cent next year.

The world’s largest economy, the US, was estimated to have grown by 2.8 last year with the projected growth slowing down to 2.3 per cent this year and 2 per cent next year.

The report warned about the risks to the world economy from trade tensions and tariff hikes without naming the US President-elect Donald Trump, who has threatened to upend world trade.

“Adverse trade policy shifts in major economies” could pose a risk for India, the report said.

The World Bank projections for India’s GDP growth hew closely to the United Nations projections released last week — 6.6 per cent for this calendar year and 6.8 per cent for next year.

The World Bank attributed the drop in India’s growth rate from 8.2 per cent in 2023-24 to 6.5 per cent in the current fiscal year to “a slowdown in investment and weak manufacturing growth”.

(IANS)

Tags: GDPGlobal EconomicUS President-elect Donald TrumpWorld Bank
ShareTweetSendSharePinShareSend
Previous Post

Kho Kho World Cup: India Men Dominate Bhutan To Secure QF Spot; Women Thrash Malaysia

Next Post

Dalmia Cement Factory Mishap: 64 Workers Rescued, 3 Still Trapped Under Debris

Related Posts

Adani Group
Business

‘Baseless, Mischievous’: Adani Group Denies Report Of US Probe Into Alleged Iranian LPG Links

June 2, 2025
Business

India, Japan Agree On Deepening Maritime Ties

June 2, 2025
Business

India’s Coal Production Rises 3.4 Per Cent To Cross 86 Million Tonnes In May

June 2, 2025
Washington, DC : Prime Minister Narendra Modi in a bilateral meeting with Tesla CEO Elon Musk at Blair House, in Washington, DC on Thursday, February 13, 2025. (IANS)
Business

Tesla Has To Manufacture In India, PM Modi And Elon Will Work It Out Soon: Errol Musk

June 2, 2025
Business

Way To Go: Elon Musk’s Father Errol Hails India’s Electric Car Scheme

June 2, 2025
Business

India Inc Posts Stable Q4 Performance Amid Global Headwinds: Report

June 2, 2025
Next Post

Dalmia Cement Factory Mishap: 64 Workers Rescued, 3 Still Trapped Under Debris

Israeli Airstrikes

Israeli Airstrike Targets Site Holding Hostage Set For Release: Hamas

Delhi Air Quality

Dense Fog In Delhi-NCR Parts, Train Services Disrupted

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.