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.
This story is from the September 04, 2024 edition of Business Standard.
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This story is from the September 04, 2024 edition of Business Standard.
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