Bqmetered Insights: World Bank's Forecast for India's GDP Growth at 7%
Tuesday, 3 September 2024, 01:59
Bqmetered Overview of India's Economic Forecast
The World Bank has projected that India's GDP growth will remain strong at 7% in fiscal 2025. This forecast comes during uncertain times, marked by a subdued external environment and the fading effects of post-pandemic recovery.
Risks to Growth
Despite the positive outlook, there are significant external risks highlighted in the World Bank's bi-annual India Development Update:
- Geopolitical tensions could contribute to increased commodity prices.
- Critical supply chains may face disruption.
- Resurgent inflation might keep global interest rates “higher for longer”.
This challenging backdrop raises concerns about sustaining growth and maintaining economic stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.