World Bank revises upwards India's GDP growth forecast to 6.9% for FY23

Updated: Dec 6 2022 3:06PM

New Delhi, Dec 6 (PTI) The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks.

In its India Development Update, the World Bank said the revision was due to higher resilience of the Indian economy to global shocks and better-than-expected second quarter numbers.

India's economy grew at 6.3 per cent in September quarter 2022-23 as compared to 13.5 per cent in the preceding June quarter, mainly on account of contraction in output of manufacturing and mining sectors.