April 3, 2024 12:41 PM

World Bank projects India’s growth to reach 7.5% in FY 23-24

The World Bank has said that the Indian economy will grow by 7.5 percent in 2024, driving the growth momentum of the South Asian region, which is projected to achieve a robust growth rate of 6 percent in the same year. According to the report "Jobs for Resilience" released on Tuesday, India’s growth is expected to reach 7.5 percent in FY23-24 before returning to 6.6 percent over the medium term. It is expected that activity in services and industry will continue to be strong. The report high...