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