India to Grow at 6.7%, Remain Fastest Growing Economy in the World: World Bank
India continues to shine on the global economic stage, with the World Bank projecting it to remain the world's fastest-growing economy over the next three fiscal years. According to the World Bank's recent Global Economic Prospects report, India's economy is set to grow at a steady rate of 6.7% annually. This robust growth is underpinned by strong domestic demand, a surge in investment, and vigorous activity in the services sector. The World Bank's growth forecast for India for the financial year 2024-25 stands at 6.6%, reaffirming the nation's strong economic momentum. This projection highlights India's resilience and its ability to sustain growth despite global economic uncertainties. The World Bank attributes this optimism to several key factors, including robust domestic consumption, a significant rise in investment, and the dynamic performance of the services sector, which is a cornerstone of India's economy. Domestic demand has been a significant d...
