World Bank's report said that unexpected resilience in private consumption and investment, and robust growth in the services sector in India, underlie an upward revision to growth in 2023.
2 min read . 09:17 PM IST
World Bank expects India's growth to slow down further to 6.3% in FY2023/24 due to high inflation and rising borrowing costs, with a slight pick-up expected in FY2025/26. India will remain the fastest-growing economy among the largest EMDEs.
