{"id":132067,"date":"2023-04-05T12:46:19","date_gmt":"2023-04-05T07:16:19","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=132067"},"modified":"2023-04-05T12:46:21","modified_gmt":"2023-04-05T07:16:21","slug":"world-bank-indias-economy-to-slow-in-fy24-gdp-growth-seen-at-6-3","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/world-bank-indias-economy-to-slow-in-fy24-gdp-growth-seen-at-6-3\/","title":{"rendered":"World Bank: India&#8217;s economy to slow in FY24, GDP growth seen at 6.3%"},"content":{"rendered":"\n<p><strong>World Bank: India&#8217;s economy to slow in FY24, GDP growth seen at 6.3%: <\/strong>SLOWER CONSUMPTION growth and challenging external conditions has prompted the World Bank to pare the country\u2019s growth rate for 2023-24 to 6.3 per cent in its latest India Development Update compared with the earlier estimate of 6.6 per cent.<\/p>\n\n\n\n<p>\u201cRising borrowing costs and slower income growth will weigh on private consumption growth, and government consumption is projected to grow at a slower pace due to the withdrawal of pandemic-related fiscal support measures,\u201d the update released Tuesday said.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-april-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">April 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><br>The report estimates&nbsp;India&#8217;s inflation to moderate from 6.6% to 5.5% in the current fiscal. The&nbsp;Current Account Deficit (CAD) is expected to be 5.2% in FY24. The Economic Survey had projected a growth of 6.5% for the current fiscal while RBI&#8217;s latest projection pegs growth for FY24 at 6.4%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>World Bank: India&#8217;s economy to slow in FY24, GDP growth seen at 6.3%: SLOWER CONSUMPTION growth and challenging external conditions has prompted the World Bank to pare the country\u2019s growth rate for 2023-24 to 6.3 per cent in its latest India Development Update compared with the earlier estimate of 6.6 per cent. \u201cRising borrowing costs [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":132068,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[5010],"tags":[74],"class_list":["post-132067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2023","tag-bank-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=132067"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132067\/revisions"}],"predecessor-version":[{"id":132069,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/132067\/revisions\/132069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/132068"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=132067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=132067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=132067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}