World Bank Projects India’s GDP Growth Estimate at 8.3% in FY2021-22
The World Bank has estimated that the GDP of India will be 8.3% for FY22 (2021-22) and 7.5% for FY23 (2022-23). World Bank revised the Gross Domestic Product (GDP) growth rate of India in the June 2021 Global Economic Prospects report.
- In April 2021, the World Bank made a prediction of a 10.1 percent growth in Indian GDP for FY22. This was higher than the 5.4 percent it had projected in January. But now the projections have been downgraded.
the World Bank said. “India’s recovery is being hampered by the largest outbreak of any country since the beginning of the pandemic,”.
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