Indian economy to grow at 6.3% in FY24: World Bank

According to a World Bank report released on October 3, India continues to show resilience against the backdrop of a challenging global environment

File image of World Bank logo used for representational purpose only. | Photo Credit: Reuters

The Indian economy is projected to grow at 6.3% in the current financial year aided by investment and domestic demand.

According to a World Bank report released on Tuesday (October 3), India continues to show resilience against the backdrop of a challenging global environment.

In India, which accounts for the bulk of South Asia region, growth is expected to remain robust at 6.3% in 2023-24, India Development Update of the World Bank said.

On inflation, the report said, it is expected to decrease gradually as food prices normalise and government measures help increase the supply of key commodities.