World Bank cuts India's GDP forecast for 2023-24 by 30 bps

New Delhi [India], April 4 (ANI): World Bank in its latest India Development Update report has cut India's growth forecast for 2023-24 to 6.3 per cent from earlier 6.6 per cent.

India's growth, World Bank, said, is expected to be constrained by slower consumption growth and challenging external conditions.

"Rising borrowing costs and slower income growth will weigh on private consumption growth, and government consumption