India’s GDP Pegged at 7.5% for FY20, FY21 and FY22: World Bank

India’s GDP Pegged at 7.5% for FY20, FY21 and FY22: World Bank

  • The World Bank has retained its forecast of India’s growth rate at 7.5 percent for the financial year 2019-20 in its 2019 ‘Global Economic Prospects: Heightened Tensions, Subdued Growth’ report on June 4, 2019.
  • It also expects the growth rate to stay at this pace for the next two fiscals, meaning 2020-21 and 2021-22.

Global Growth

  • World Bank has downgraded the global growth prospects by 0.3% to 2.6% for the 2019-20 fiscal.
  • For FY21 and FY 22, the growth is projected at 2.7% and 2.8% respectively.

Points to Remember:

  1. India’s GDP growth as per World Bank for FY 20, FY 21, FY 22
  2. Global growth rate? 
  3. Global Economic Prospects report is released by?

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