World Bank sees India as fastest growing among emerging economies, despite cutting growth forecast to 6.6%

Despite the impact of interest rates hiked by the US Federal Reserve, the Reserve Bank of India has tried to soften the blow for ensuring business growth. Which is why India is expected to be the fastest growing among seven emerging economies, even though its GDP growth will slow down to 6.6 per cent in FY24 from 6.9 per cent according to the World Bank.