The World Bank (WB) revised India’s growth forecast for the current fiscal year to seven per cent, up from its earlier projection of 6.6 per cent, according to a statement released on Tuesday.
According to a data released last week showed that India’s economic growth slowed to 6.7 per cent in the April-June quarter, primarily due to a decline in government spending during national elections.
Attribution: Reuters
Subediting: M. S. Salama