india growth rate

January 19, 2025 4:35 PM

India to grow at 6.7% for next two years: World Bank

India is projected to sustain its position as the fastest-growing major economy, with a growth rate of 6.7% in both FY26 and FY27, according to the World Bank’s latest Global Economic Prospects (GEP) report, outpacing a global growth projection of 2.7% for 2025-26. The GEP report attributes India’s robust growth to a thriving services sector and a revitalized manufacturing base, driven by transformative government initiatives. From modernizing infrastructure to streamlining taxes, these mea...

January 17, 2025 11:35 AM

World Bank projects India’s growth to be 6.7 percent in next two fiscal years

The World Bank projects India’s economy to grow by 6.7 per cent in the next fiscal year starting in April, slightly higher than in the current fiscal year, and continuing to top the growth tally. The Word Bank’s Global Economic Prospects released on Thursday estimated the current fiscal year’s growth rate at 6.5 per cent, down from the 8.2 per cent in the previous period. But it said that “the services sector is expected to enjoy sustained expansion, and manufacturing activity will str...

September 16, 2024 5:58 PM

India will grow at 6.5%, outpacing global average of 2.6%: UNCTD report

India is expected to sustain its growth momentum at 6.5% in 2024, according to a report released by the United Nations Conference on Trade and Development (UNCTD). The report underscores India's resilience amidst global economic challenges, citing a growth rate of 6.7% in 2023. It attributes this strong growth to several factors, including significant public investment outlays and the dynamic performance of the services sector. The services sector, in particular, thrived due to robust local de...