Global economy in danger, World Bank cuts India’s GDP estimate
New Delhi. The World Bank has slashed India’s DGP growth forecast due to rising inflation, supply chain disruptions and cuts due to political tensions. The World Bank has reduced India’s GDP growth forecast for the current financial year to 7.5 percent. According to the latest data released by the World Bank, India’s growth rate has been reduced to 7.5 percent. The World Bank had earlier fixed the GDP growth rate at 8.7 percent, which has now been reduced to 7.5 percent from 1.2 percent.
According to the World Bank, India’s GDP estimate in the current financial year has been estimated at 7.5 percent. Whereas in the financial year 2024, India’s growth rate was estimated to be 7.1 percent. At the same time, India’s GDP growth has been estimated at 6.5 percent for the financial year 2025. Apart from the World Bank, the Reserve Bank of India has projected the GDP growth rate to be 7.2 percent for the financial year 2023.
Apart from cutting India’s growth rate, the World Bank has expressed concern about the world economy. He said that the economy of the whole world is in danger at this time. The World Bank said that the global economy has suffered a great deal due to the Corona epidemic. At the same time, due to Russia and Ukraine, the pace of the global economy has stopped.