{"id":127260,"date":"2024-09-04T03:42:11","date_gmt":"2024-09-04T03:42:11","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/04\/world-bank-forecasts-indias-gdp-growth-at-7-for-fy25-india-business-news-times-of-india\/"},"modified":"2024-09-04T03:42:11","modified_gmt":"2024-09-04T03:42:11","slug":"world-bank-forecasts-indias-gdp-growth-at-7-for-fy25-india-business-news-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/04\/world-bank-forecasts-indias-gdp-growth-at-7-for-fy25-india-business-news-times-of-india\/","title":{"rendered":"World Bank forecasts India&#8217;s GDP growth at 7% for FY25 | India Business News &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-113047293,imgsize-23744.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"World Bank forecasts India&#8217;s GDP growth at 7% for FY25 | India Business News &#8211; Times of India\" title=\"World Bank forecasts India&#8217;s GDP growth at 7% for FY25 | India Business News &#8211; Times of India\" \/><\/div>\n<div>New Delhi: The World Bank has forecast India\u2019s GDP growth at 7% for 2024-25, despite a subdued external environment and the dissipation of post-pandemic rebound effects. This is an upgrade from the 6.6% estimated earlier and the multilateral agency joins other agencies in raising India\u2019s growth forecast after a strong 8.2% growth in the previous year.<br \/>The India Development Update report said external risks to the outlook are significant.In particular, geopolitical tensions could put pressure on commodity prices and critical supply chains and resurgent inflation could still keep global interest rates\u201chigher for longer.\u201d <br \/>\u201cThese risks notwithstanding, medium-term prospects are positive. The significant expansion of <!-- -->public investment<!-- --> in recent years should crowd in corporate investments and a recovery of agriculture and declining inflation should boost private consumption growth. Under this baseline scenario, robust growth and declining inflation are expected to reduce extreme and moderate poverty,\u201d according to the report.<br \/>It said the positive outlook is anchored on sustained growth of the <!-- -->services sector<!-- --> (including expansion of Global Capability Centers and an expected strengthening of the manufacturing sector, supported by govt initiatives, such as the PM Gati Shakti master plan to enhance logistics infrastructure, the trade infrastructure for exports scheme, and increased tax efficiency and rationalised tax rates to improve business environment.<br \/>It said headline inflation is expected to continue to decline from an average of 5.4% in FY23-24 to 4.5% in FY24-25.<\/p>\n<p>We also published the following articles recently<\/p>\n<p><\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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This is an upgrade from the 6.6% estimated earlier and the multilateral agency joins other agencies in raising India\u2019s growth forecast after a strong 8.2% growth in the previous [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":127261,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-113047293,imgsize-23744.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[102844,673,449,289,567,4364,916,569,273,43011,925,271,52264,19288,272,1052,102843],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/127260"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=127260"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/127260\/revisions"}],"predecessor-version":[{"id":127262,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/127260\/revisions\/127262"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/127261"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=127260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=127260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=127260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}