World Bank has predicted India's economy to slow in the current fiscal (2023-24) to 6.3% on the back of shrinkage in consumption due to slower income growth.* The report estimates India's inflation to moderate from 6.6% to 5.5% in the current fiscal.* The Current Account Deficit (CAD) is expected to be 5.2% in FY24.* The Economic Survey had projected a growth of 6.5% for the current fiscal while RBI's latest projection pegs growth for FY24 at 6.4%..Source : Money Control
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