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"India's Growth Continues To Be Resilient": World Bank Report
It also pointed out that labour market outcomes have improved post-pandemic. India's growth continues to be resilient despite some signs of moderation in growth in the second half of the last fiscal, the World Bank said today. However, it has revised its FY23/24 GDP forecast to 6.3 percent from 6.6 percent (December 2022), saying growth is expected to be constrained by slower consumption growth and challenging external conditions. This will hopefully be used for the private sector as well," he said. Growth is expected to be constrained by slower consumption growth and challenging external conditions. Rising borrowing costs and slower income growth will weigh on private consumption growth, and government consumption is projected to grow at a slower pace due to the withdrawal of pandemic-related fiscal support measures," it said. Source: NDTV
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