World Bank lowers India’s GDP growth forecast to 4.7 per cent for 2013-14

World Bank lowers India’s GDP growth forecast to 4.7 per cent for 2013-14.

The World Bank has revised downwards India’s economic growth forecast for the current fiscal to 4.7 per cent.World Bank

This is down from 6.1 per cent economic growth projected in April this year.

India’s GDP growth is, however, expected to accelerate to 6.2 per cent in 2014-15, the World Bank said in the latest India Development Update released today.

The World Bank’s latest India GDP growth forecast for the current fiscal is higher than the International Monetary Fund’s recent downward revised projection of 4.25 per cent for 2013-14.

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