Poket News

Indian economy to grow at 8.3%

 

  • The World Bank has said that the Indian economy is expected to grow at 8.3% in the current financial year. 
  • It has upgraded India's GDP growth for the next fiscal to 8.7%, reflecting higher investment from the private sector and in infrastructure, and dividends from ongoing reforms. 
  • In its latest Global Economic Prospects, World Bank said, the growth outlook will also be supported by ongoing structural reforms, a better-than-expected financial sector recovery, and measures to resolve financial sector challenges despite ongoing risks.