New Delhi: India’s economy is expected to grow 8.3% in the fiscal year ending March 2022, unchanged from the June 2021 outlook. world Bank forecast in its latest Global Economic Prospects report.
The forecasts for FY23 and FY24 for India have been upgraded to 8.7% and 6.8%, respectively, reflecting higher investments in the private sector and infrastructure and dividends from ongoing reforms.
Due to the impact of the pandemic and tighter regulations on some sectors of the economy, China’s growth is projected to slow to 5.1% in 2022, close to expected growth estimates. The government estimates that the economy will grow at 9.2% in the financial year ending March, which is lower than the RBI’s estimate of 9.5%. The IMF has also projected a growth rate of 9.5% for India. The IMF will release its new growth projections on January 25.
According to the World Bank, after a strong rebound in 2021, the global economy is entering a clear recession amid fresh threats from the Covid-19 variant and rising inflation, debt and income inequality, which will hamper recovery in emerging and developing economies. could put you in danger. latest report.
The forecasts for FY23 and FY24 for India have been upgraded to 8.7% and 6.8%, respectively, reflecting higher investments in the private sector and infrastructure and dividends from ongoing reforms.
Due to the impact of the pandemic and tighter regulations on some sectors of the economy, China’s growth is projected to slow to 5.1% in 2022, close to expected growth estimates. The government estimates that the economy will grow at 9.2% in the financial year ending March, which is lower than the RBI’s estimate of 9.5%. The IMF has also projected a growth rate of 9.5% for India. The IMF will release its new growth projections on January 25.
According to the World Bank, after a strong rebound in 2021, the global economy is entering a clear recession amid fresh threats from the Covid-19 variant and rising inflation, debt and income inequality, which will hamper recovery in emerging and developing economies. could put you in danger. latest report.
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