World Bank Forecasts 7.5% Growth for India

The World Bank revised India's growth projection to 7.5% for 2024, part of South Asia's expected 6.0% growth.

South Asia expected to experience strong growth at 6.0% in 2024, driven by India, Pakistan, and Sri Lanka recoveries.
India to maintain robust growth in services and industry, supporting a 7.5% output growth in FY23/24.
Bangladesh anticipates a 5.7% rise in output in FY24/25 despite high inflation and trade restrictions.
Pakistan's economy expected to rebound by 2.3% in FY24/25 following a contraction.
Sri Lanka foresees a 2.5% output growth in 2025, bolstered by recoveries in reserves, remittances, and tourism.
World Bank underscores the need for policies to boost private investment and employment growth in South Asia for resilient growth.