World Bank: Indian Economy to Grow by 7.5% in 2024

India's Economic Growth Soars

India's economy is set to grow at 7.5% in 2024, driven by robust services and industry sectors, according to the World Bank.

Moderation Ahead

The World Bank forecasts a slight dip to 6.6% growth in the medium term, reflecting a slowdown in investment.

Medium-Term Outlook

Projected growth at 7.5% in FY24, with a gradual decline to 6.6% in FY25 due to deceleration in investment.
India surpassed expectations with 8.4% growth in 2023Q4, supported by increased investment and government consumption.

Recent Economic Performance

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