World Bank slashes India’s GDP growth forecast to 7.5%, warns risk of 'stagflation'

Rising inflation, supply chain disruptions, and geopolitical concerns have lowered the World Bank's FY23 economic growth forecast for India to 7.5 percent, down from an April estimate of 8 percent. The World Bank has updated its GDP growth prediction for India for the current fiscal year for the second time (April 2022 to March 2023).