World Bank ups India growth forecast to 7% for FY25

The World Bank on Tuesday (September 3, 2024) raised the growth forecast for the Indian economy to 7% for the current fiscal year on the back of recovery in agri sector and rural demand.

World Bank had in June projected India to grow at 6.6% for FY24.

According to the World Bank Report released on Tuesday, India’s growth continues to be strong despite a challenging global environment.

Improvement in monsoon and private consumption have led to revising the India gross domestic product (GDP) forecast, said World Bank senior Economist Ran Li.