According to theWorld Bank,Indian economy is set to grow at6.9 per centin 2022-23, raising its forecast of6.5 per cent growth made in October.In October, it had cut Indias GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. Now, it has upgraded the projection to 6.9 per cent for 2022-23 (April 2022 -March 2023).

The institution said that the government is expected to meet the target of 6.4 per cent of the GDP in 2022-23.

The World Bank saw the government meeting the fiscal deficit target of 6.4 per cent of the GDP in 2022-23. It expected Inflation to be 7.1 per cent in current fiscal year.

The country however remains affected by spillovers from the US, Euro area and China. The World

132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube