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World Bank slashes India's FY23 GDP forecast from 8.7% to 8%
short by Ashley Paul / on Wednesday, 13 April, 2022
The World Bank cut its FY23 GDP growth forecast for India from 8.7% to 8%. "High oil and food prices caused by the war in Ukraine will have a strong negative impact on people's real incomes," said World Bank South Asia VP Hartwig Schafer. World Bank has also slashed the growth forecast for South Asia, excluding Afghanistan, to 6.6%.
read more at Hindustan Times