World Bank Report Predicts 8.3% Growth Rate for India Amidst Global Slowdown
2 years, 11 months ago

World Bank Report Predicts 8.3% Growth Rate for India Amidst Global Slowdown

The Quint  

The report added that India's economic growth rate would be faster compared to its South Asian neighbours. Pakistan's economy, on the other hand, according to the same report, will grow by 3.4 percent and 4 percent in the current and next fiscal years. On an average, the report also says that growth in emerging and developing economies will remain 4 percent below the pre-COVID trend. Addressing the prospective crisis, Ayhan Kose, who is the director of the World Bank's group that drafted the report, told Reuters that "there is a pronounced slowdown underway" and that "policy support is being withdrawn and there is a multitude of risks ahead of us."

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