• 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 Raises India’s GDP Growth Forecast To 7.5 Pc For 2023-24

OMMCOM NEWS by OMMCOM NEWS
April 3, 2024
in Business
GDP growth

New Delhi: The Indian economy is projected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent.

The World Bank has raised India’s economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia.

The increase in the projected growth rate for the Indian economy comes following the surprise 8.4 per cent surge in the country’s GDP during the Oct-Dec quarter. Finance Minister Nirmala Sitharaman has stated that the economy is on track to post an 8 per cent growth rate in the Jan-March quarter.

However, the World Bank expects the growth rate to moderate to 6.6 in 2025. The expected slowdown mainly reflects a deceleration in investment from its elevated pace in the previous year.

Over the medium term, fiscal deficit and government debt in India are projected to decline, supported by strong GDP growth and consolidation efforts by the Central government.

In its latest South Asia Development Update, released on April 2, the World Bank predicts a healthy growth for the region, which is primarily attributed to India’s strong performance.

The report indicates that South Asia is poised to remain the world’s fastest-growing region for the next two years, with a projected growth rate of 6.1 per cent in 2025.

Bangladesh is expected to see a rise in output by 5.7 per cent in 2024-25, while Pakistan’s economy is projected to grow by 2.3 per cent and Sri Lanka’s GDP growth is expected to increase by 2.5 per cent during this period.

(IANS)

Tags: GDPIndian economySouth AsiaWorld Bank
ShareTweetSendSharePinShareSend
Previous Post

Chandra Shekhar Sahu Appointed BJD Election Manifesto Committee Chairman

Next Post

South Korea Expands Telemedicine Service To Community Health Centres

Related Posts

Business

State-Owned Oil Firms Report Strong Q1 Results; Profits Jump Over 2.5 Times

August 24, 2025
Business

Investments Under PLI Schemes Cross Rs 1.76 Lakh Crore As India Evolves Into A Global Manufacturing Hub

August 24, 2025
Gold
Business

Gold Falls By Rs 600 This Week, Silver Also Declines

August 24, 2025
Exports
Business

Govt Launching Rs 25,000 Crore Worth Of Schemes To Boost Exports

August 24, 2025
Business

SEBI Clears LIC’s Reclassification As Public Shareholder In IDBI Bank

August 24, 2025
Business

Fish Production Surges 104%, Infra Projects Rise Towards Blue Economy

August 24, 2025
Next Post
South Korea

South Korea Expands Telemedicine Service To Community Health Centres

tata steel

Tata Steel Files Writ Petition Seeking Waiver Of Loans From Steel Development Fund

Heat Wave To Intensify Further In Odisha Till April 6: IMD

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.