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World Bank Changes India's GDP Growth Forecast For The 3rd Time In FY23, Lowers To 6.5%

The World Bank on Thursday (October 6) cut its FY23 (2022-23) gross domestic product (GDP) growth forecast for India from 7.5 per cent to 6.5 per cent. It stated that global monetary tightening and Russia's invasion of Ukraine would weigh the country's economic growth to a larger extent. The World...