Slowing India's economic growth..!? World Bank warns..!

Sowmiya Sriram
Slowing India's economic growth..!? World bank warns..!
The World bank has warned that India's economic growth will slow down to 6.3 percent. The World bank has warned that India's economic growth will slow down to 6.3 percent. The World bank has issued a report in this regard. Accordingly, in the current financial year, India's economic growth will be 6.3 percent to 6.6 percent. customers will also be hit by higher borrowing costs. The World bank, which estimates that the country's economic growth will be between 6.3 percent and 6.6 percent in this financial year, had predicted that in the last financial year India's economic growth would be 6.9 percent.
Similarly, according to the World bank, the current account deficit of the gross domestic product (GDP) will also decrease to 2.1 percent. Last year it was around at 3 percent. As services exports rose, the GDP deficit narrowed and the trade deficit narrowed.
Also, government consumption will see very little growth as funding sources have been cut off during the Covid period. Thus, India's economic growth will decrease from 6.6 percent to 6.3 percent. This fiscal year, India's inflation will be 5.2 percent. At present, inflation is reported at a remarkable 6.6 percent.

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