The World Bank has slashed its growth forecast for India for the current financial year to 7.5 percent, a hefty 1.2 percentage points down from its previous forecast of 8.7 percent.

• Writing in its latest Global Economic Prospects report released, the World Bank said it cut India’s GDP growth forecast due to headwinds from rising inflation, supply chain disruptions, and geopolitical tensions.
• In April, World Bank slashed India’s economic growth forecast to 8%
• The GDP growth forecast for India has further been cut down to 7.5%
• Earlier, global rating agencies too had slashed India's economic growth forecast