The World Bank has estimated India’s real Gross Domestic Product (GDP) in the current fiscal year 2021-22 to grow by 8.3% in its latest economic update for South Asia. World Bank on June 8 projected India’s economy to grow at 8.3 percent in 2021. Earlier, the World Bank had estimated the Indian economy to grow at a pace of 10.1 percent in FY 2021-22.
The GDP growth projection for India in three fiscal years as per World Bank is as follows:
- 2021-22 (FY22) – 8.3%
- 2022-23 (FY23) – 7.5%
- 2023-24 (FY24) – 6.5%.
