Guwahati: World Bank revises India’s GDP target to 6.5 pc
World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23 from 6.5 per cent earlier.
World Bank’s India Development Update said India is affected by spillovers from the US, Euro area and China.
It however saw the government meeting the fiscal deficit target of 6.4 per cent of the GDP in 2022-23.
The Bank expects the inflation at 7.1 per cent in current fiscal year.
Last month, the government said that India’s economic growth to slow to 6.5% in the current fiscal year because of external shocks and monetary policy tightening.
ALSO READ: Billionaire Gautam Adani in Forbes’ philanthropy list this year
FIRST Business Portal addressing the potential of business capability of North East Region.
