Growth in India is expected to slow to 6.3% in FY2023: World Bank

In Emerging Markets and Developing Economies (EMDEs) other than China, growth is set to slow to 2.9 per cent this year from 4.1 per cent last year. These forecasts reflect broad-based downgrades. "Growth in India is expected to slow further to 6.3 per cent in FY 2023/24 (April-March), a 0.3 percentage point downward revision from January," the World Bank said.

Growth in India is expected to slow to 6.3% in FY2023: World Bank
In Emerging Markets and Developing Economies (EMDEs) other than China, growth is set to slow to 2.9 per cent this year from 4.1 per cent last year. These forecasts reflect broad-based downgrades. "Growth in India is expected to slow further to 6.3 per cent in FY 2023/24 (April-March), a 0.3 percentage point downward revision from January," the World Bank said.