World Bank Lifts India GDP Growth Forecast To 6.9% For FY23

The World Bank has revised upwards its GDP growth forecast for India to 6.9 percent for 2022-23 from 6.5 percent earlier. World Bank's India Development Update said India is affected by spillovers from the US, Euro area, and China. It sees the government meeting the fiscal deficit target of 6.4 percent of the GDP in 2022-23. World Bank expects inflation at 7.1 percent in the current fiscal year.