![Gloomiest forecast so far: FY23 growth to be at 6.5%, says World Bank](https://market-tracker.in/wp-content/uploads/2022/10/images-8-1.jpg)
Gloomiest forecast so far: FY23 growth to be at 6.5%, says World Bank
The World Bank reduced its FY23 growth forecast for India to 6.5% from 7.5% in June, the most pessimistic prognosis for the country by any major institution, as it warned of a “deteriorating external environment.” For FY24, it has trimmed the growth forecast by 10 basis points to 6.5%. “In the face of slowing global…