India’s growth rate will be 6.7% in the coming two financial years, World Bank estimates
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 India’s GDP rate. According to the World Bank’s latest growth estimates for South Asia, India’s economic growth rate or GDP is expected to remain stable at 6.7 percent per annum for the next two financial years from April 2025. Overall, the World Bank has estimated India’s economic growth rate to move forward in a good and positive manner among South Asian countries.
The World Bank released the estimate 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 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 increase in private investment will compensate for the slowdown in public 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 particularly shows 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. This mainly shows improvement in Pakistan and Sri Lanka. Better macroeconomic policies have been adopted in these countries to overcome economic difficulties, the result of which is being seen.
