World Bank cuts India growth forecast to 7.5% for FY23

This is the second time the World Bank has revised its gross domestic product (GDP) growth forecast for India for 2022-23. In April, it cut the FY23 growth forecast for India to 8% from 8.7% estimated in January due to escalating uncertainties due to the Russia-Ukraine invasion. India's economy had grown 8.7% in FY22.

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