Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The World Bank forecasts India’s output growth to reach 7.5 percent in
FY24, driven by resilient activity in services and industry. However, growth is expected to moderate to 6.6
percent over the medium term.
The World Bank projects India’s output growth to reach 7.5
perecnt in FY24 before moderating to 6.6 percent in FY25. The expected slowdown mainly reflects a deceleration in investment
from its elevated pace in the previous year.
Over the medium term, the fiscal deficit and government debt in India
are projected to decline, supported by robust output growth and consolidation
efforts by the central government. .
In its latest South Asia Development Update, released on April 2,
the World Bank predicts a robust growth of 6 percent in South Asia
for 2024. This growth is primarily attributed to India’s strong performance, along with recoveries
in Pakistan and Sri Lanka.
The report indicates
that South Asia is poised to remain the world’s fastest-growing
region for the next two years, with a projected
growth rate of 6.1 percent in 2025
Bangladesh is expected to
see a rise in output by 5.7 percent in FY25, while Pakistan’s economy is projected
to grow by 2.3 percent in the same period. Sri Lanka’s output growth is
anticipated to strengthen to 2.5 percent in 2025.
