World Bank Forecast

India grew at 8.2% in FY 2023-24, becoming the fastest-growing major economy in the world

The global economic report of the World Bank noted that in the South Asian region, India is set to sustain its robust growth momentum although it will moderate in coming years

From World Bank slashing India's economic growth to Maiden Pharma's cough syrup issue, here are the top headlines on Friday morning

According to World Bank's forecast, this is primarily due to Xi Jinping's zero-Covid policy and the crisis in the country's property sector

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The lockdown of economies around the world causes a much sharper decline in economic activity than in normal recessions, says World Bank chief economist south Asia region, Hans Timmer

It said that growth in South Asia is projected to strengthen to 6.9 per cent in 2018 and to 7.1 per cent in 2019, mainly as factors holding back growth in India fade

India, despite initial setbacks from demonetisation and GST, is estimated to have grown at 6.7 per cent in 2017

Maintained its forecast for global growth in 2017 and 2018 unchanged at 2.7% and 2.9% respectively