World Bank lowers India's growth forecast to 6.3 pct in FY23-24
NEW DELHI, April 4 (Xinhua) -- The World Bank on Tuesday lowered India's economic growth forecast to 6.3 percent for the financial year 2023-24 from its earlier estimate of 6.6 percent announced last December.
The international financial institution in its report attributed the downgrade to slower consumption growth and challenging external conditions.
"The World Bank has revised its FY23-24 GDP forecast