Current Affairs - Economy - Discussion

The World Bank has retained India's growth forecast at 6.6% for FY25 in its latest biannual Global Economic Prospects report. This projection underscores India's position as the fastest-growing major economy globally. The forecast reflects a steady pace of economic expansion, supported by factors such as recovery in agricultural production, declining inflation, robust investment sentiment, and anticipated improvements in external demand. Despite a moderation from previous growth rates, India's economic outlook remains positive, driven by resilient consumption and investment dynamics amidst global economic shifts.