World Bank Growth Estimate: The World Bank has released its estimate regarding the economic growth rate of India and South Asia and under this, it has also released the latest estimate regarding the GDP rate of India. According to the World Bank’s latest growth projections for South Asia, India’s economic growth rate or GDP is expected to remain stable at 6.7 percent per year for the next two financial years from April 2025. Overall, the World Bank has estimated India’s economic growth rate to progress well and positively among South Asian countries.
World Bank released estimates today
The World Bank said on Thursday that the growth rate in South Asia is expected to increase to 6.2 percent in the financial year 2025-26. This includes strong growth in India and it said that the growth rate in India is expected to remain stable at 6.7 percent per annum in the coming two financial years from April 2025.
The bank said that the service sector in India is expected to expand continuously and manufacturing activity will be strong. This will support the government’s initiatives to improve the business environment. Investment growth is expected to remain stable and the slowdown in public investment will be compensated by the increase in private investment.
India’s GDP will grow at the rate of 6.5 percent in the current financial year – World Bank
India’s economic growth rate is expected to decline to 6.5 percent in the financial year 2024-25 (April 2024 to March 2025). This especially reflects the slowdown in investment and weak growth in the manufacturing sector.
Improvement in growth rate of Sri Lanka and Pakistan
Apart from India, the growth rate in this region is expected to increase to 3.9 percent in 2024. It is mainly showing improvement in Pakistan and Sri Lanka. To overcome economic difficulties in these countries, better macroeconomic policies have been adopted, the result of which is being seen.
read this also
8th Pay Commission: When will the 8th Pay Commission be formed, when will it be implemented – know everything
