Correct Answer : Option (A) - World Bank
The World Bank on Tuesday(11th Jan 2022) retained its FY22 growth forecast for India at 8.3% but upgraded it to 8.7% for FY23, from 7.5% estimated earlier, citing improving growth prospects, especially a reviving private capex cycle.
“India’s economy is expected to grow by 8.3% in the fiscal year ending March 2022, unchanged from the June 2021 outlook. The forecast for FY2022/23 and FY2023/24 for India has been upgraded to 8.7% and 6.8%, respectively, reflecting higher investment from the private sector and in infrastructure, and dividends from ongoing reforms,” it said in its latest Global Economic Prospects report.
