The World Bank has increased India’s GDP forecast for the current fiscal year from its October estimate of 6.5 per cent to 6.9 per cent.

World Bank’s Latest Forecast

• The World Bank has raised its forecast for India’s economic growth to 6.9 per cent because of the economy’s resilience while facing external challenges as well as September quarter performance.
• Previously, it had lowered India’s growth forecast for the current fiscal to 6.5 per cent from the earlier forecast of 7 per cent.
• Though the deteriorating external environment will have a significant impact on India’s economic growth, the economy is relatively well positioned to weather global impact compared to most other emerging economies.