Growth forecast lowered to 6.3%

The World Bank on Wednesday lowered India’s growth forecast for the current fiscal by 4 per cent points to 6.3 per cent amid global economic weakness and policy uncertainty.

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In its previous estimate, the World Bank had projected India’s growth at 6.7 per cent for the fiscal year 2025-26.

In India, growth in FY24/25 disappointed because of slower growth in private investment and public capital expenditures that did not meet government targets, the World Bank said in its twice-yearly regional outlook.