World Bank: India’s 2023-24 GDP Growth Stays at 6.3%

The World Bank has decided to maintain its growth forecast for India in the fiscal year 2023-24 at 6.3 percent.

This decision comes as India continues to exhibit strong economic growth despite facing substantial external challenges.

The World Bank in its April report had cut India’s growth forecast for 2023-24 to 6.3 per cent from the earlier 6.6 per cent.

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According to the World Bank’s latest India Development Update (IDU), the international financial institution’s flagship half-yearly report on the Indian economy observed that despite significant global challenges, India was one of the fastest-growing major economies in 2022-23 at 7.2 percent.