Current Affairs - Economy - Discussion

Discussion Forum : Economy - Latest Current Affairs (Q.No. 180)

2023-10-04 Economy

180.

What is the World Bank's retail inflation forecast for India for FY24?

5.2%

5.5%

5.8%

5.9%

Answer: Option

Explanation:

The World Bank has revised its retail inflation forecast for India for FY24 to 5.9%, up from the earlier estimate of 5.2%. This upward revision is attributed to certain factors which caused a sharp increase in food prices in July 2023. It is important to note that this is just a forecast and the actual inflation rate may vary.