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World Bank Revised India s FY25 Growth Projection To 6.6 Percent, Up By 20 Basis Points

The World Bank has lowered India's GDP growth prediction for FY25 to 6.6%, showing a moderate but consistent growth rate. Despite the anticipated slowdown, India's strong economic activity is likely to underpin growth in South Asia, exceeding other emerging market and developing nations.

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World Bank Revised India s FY25 Growth Projection To 6.6 Percent, Up By 20 Basis Points

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  1. World Bank Revised India s FY25 Growth Projection To 6.6 Percent, Up By 20 Basis Points DESCRIPTION The World Bank has lowered India's GDP growth prediction for FY25 to 6.6%, showing a moderate but consistent growth rate. Despite the anticipated slowdown, India's strong economic activity is likely to underpin growth in South Asia, exceeding other emerging market and developing nations. Projections And Estimates ● The World Bank boosted its FY25 growth prediction to 6.6%, a small rise of 20 basis points. ● GDP for FY24 is expected to be 7.5%, indicating strong economic performance. Growth Drivers And Outlook ● Strong public investment is likely to generate dividends over the next decade, boosting growth. ● Construction and real estate activity are expected to underpin significant growth in the services and industrial sectors. Inflation And Policy Implications ● The anticipated weakening of inflationary pressures makes leeway for relaxing financial conditions. ● The medium-term projection predicts a decrease in the fiscal deficit and government debt, supported by strong economic growth and consolidation initiatives.

  2. This research, published in the World Bank's South Asia Development Update for April 2024, emphasizes India's resilience in the face of global economic changes as well as the region's potential for long-term prosperity. Welcome to Notopedia.com, your free learning platform that caters to the diverse needs of students and aspirants across a spectrum of entrance exams and educational endeavors. Whether you're preparing for highly anticipated exams like CAT 2023, NEET 2023, JEE Main, or bank job vacancies, our platform offers a wealth of resources to guide you towards success. Stay up-to-date with the latest exam dates, announcements, and results for various government recruitment exams, including SSC CGL, CHSL, NDA, and UPSC. Explore comprehensive study materials, sample papers, and exam patterns to hone your skills and boost your confidence. From important dates like CBSE Class 10 and 12 date sheets to exam-specific information like JEE Main 2023 application form date, we cover it all. Notopedia.com is your go-to source for everything from admissions and admit cards to scholarships and college information. Whether you're aiming for a career in defense, government, banking, or higher education, our free learning platform equips you with the knowledge and resources you need to excel. Join us in your educational journey and unlock a world of opportunities, guidance, and comprehensive support. For more Updates and Information - Visit Notopedia's Bulletin Board For Latest Sarkari Jobs - Visit Notopedia's Sarkari Jobs Section For access to more than 20,000 Colleges - Visit Notopedia's College Section For School Studies and Exams Preparation across 14 Boards - Visit Notopedia's School Section For Comprehensive Preparation of Sarkari Job Exams - Visit Notopedia's Sarkari Exams Section

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