News > World Bank Cuts India's GDP Forecast; What Does It Mean For the Country?

World Bank Cuts India's GDP Forecast; What Does It Mean For the Country?

India is currently in the throes of widespread inflation and unemployment and now, due to worsening supply bottlenecks and increased inflation risks as a consequence of Russia’s invasion of Ukraine, the World Bank has, once again revised India’s gross domestic product (GDP) forecast for this year, from 8.7% to 8%.

Fuel prices are among the worst-hit commodities in this regard.