: ‘India’s growth rate will be 6.7 per cent in the next two financial years’, World Bank estimates
New Delhi| The World Bank has released important estimates regarding India’s growth rate. According to this, India’s growth rate will be 6.7 percent in the coming two financial years. India’s economic growth rate is projected to remain stable at 6.7 per cent per annum for the upcoming two fiscal years from April 2025 according to the World Bank’s latest growth projections for South Asia.
The World Bank reported on Thursday that growth in South Asia is expected to increase to 6.2 per cent in FY 2025-26. This includes strong growth in India. It said the growth rate in India is projected to remain stable at 6.7 per cent per annum in the coming two financial years from April 2025.
Manufacturing activity will strengthen
The bank said that continuous expansion in the service sector is expected. Manufacturing activity will be strong, supported by government initiatives to improve the business environment. Investment growth is expected to remain stable and the increase in private investment will offset the slowdown in public investment.
It is also estimated to be 6.5 per cent
India’s growth rate is projected to decline to 6.5 percent in FY 2024-25 i.e. April 2024 to March 2025, reflecting a slowdown in investment and weak growth of the manufacturing sector. Apart from India, the growth rate in this sector is expected to increase to 3.9 percent in 2024. This mainly reflects the recovery in Pakistan and Sri Lanka, which is the result of improved macroeconomic policies adopted to overcome economic difficulties.
