The World Bank on Thursday raised its growth forecast for India for the current financial year (FY25) to 7 per cent, up from an earlier estimate of 6.6 per cent, driven by increased government spending on infrastructure.
"Growth was boosted by public infrastructure investment and a rise in household investments in real estate. On the supply side, it was supported by a buoyant manufacturing sector, which grew by 9.9 per cent, and resilient services activity, which compensated for underperformance in agriculture," said the World Bank in its India Development Update report.
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TRUTH BE TOLD