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

01:20:00 AM, Wednesday 8th of June 2022 | in business

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).