World Bank projects India’s GDP growth at 8.3% in FY22 & 8.7% in FY23

The World Bank has projected the Indian economy to grow at the following rate in its ‘Global Economic Prospects’ report released on January 11, 2022.

  • FY 2021-2022 – 8.3%
  • FY 2022-2023 – 8.7%
  • FY 2023-2024 – 6.8%
  • World Bank has lowered the Global economy growth rate as follows:
    • 2021 – 5.5 percent
    • 2022 – 4.1 percent
    • 2023 – 3.2 percent
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