World Bank Raises GDP Projection to 6.6% for FY25.

Economy Business

The World Bank has upwardly revised India’s GDP growth forecast for the current financial year 2024-25 by 20 basis points to 6.6 per cent from its earlier projection of 6.4 per cent made in January. The World Bank said that India will continue to be the fastest-growing among the world’s largest economies, though its pace of expansion is expected to moderate. In its latest Global Economic Prospects report, the international financial institution attributed the revision in India’s growth projections to strong public investment accompanied by private capex and rise in private consumption.


      Growth of domestic demand remained robust, with a surge in investment, including in infrastructure, offsetting a moderation of consumption growth as post-pandemic pent-up demand eased.

      For 2025-26, World Bank similarly raised the growth projections from 6.5 per cent to 6.7 per cent.

     

 

     


          ____________________________