World Bank raises India's GDP growth forecast for FY25 to 6.6%
India's output growth is expected to reach 7.5% in FY24, says World Bank
India's output growth is expected to reach 7.5% in FY24, says World Bank
EY study shows around 78% respondents in financial sector have either implemented GenAI in at least one use case or have plans to pilot it in one year
Private consumption growth is likely to taper off, as the post-pandemic pent-up demand diminishes and persistent high food price inflation is likely to constrain spending, says World Bank.
India’s GDP is 5th largest in size but average Indian is 159th in income (per capita GDP); rise in debt and inequality would keep the situation unchanged
E-commerce giant ties up with inland waterways authority for cargo movement and customer shipments & products via inland waterways
Global credit ratings agency cuts medium-term growth estimate for 10 emerging markets to 4%
Oil prices are expected to average $90 a barrel in the current quarter before declining to an average of $81 a barrel next year as global economic growth slows.
IMF says growth in India will remain strong, with an upward revision of 0.2 percentage points for 2023
The expected moderation is mainly due to challenging external conditions and waning pent-up demand, says World Bank.
The World Bank has noted that on the digital infrastructure front, India has achieved in just six years what would have taken about five decades