News > World Bank cuts India GDP forecast to 7.5%
World Bank cuts India GDP forecast to 7.5%
The Hindu | 08/06/2022 08:45 AM | Click to read full article
The World Bank on Tuesday cut India's economic growth forecast for the current fiscal to 7.5% as rising inflation, supply chain disruptions and geopolitical tensions taper recovery.
This is the second time that the World Bank has revised its GDP growth forecast for India in the current fiscal 2022-23. In April, it had trimmed the forecast from 8.7% to 8% and now it is projected at 7.5%.