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World Bank: India’s GDP to recover to 7.2% in FY22

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Christian Fernsby ▼ | October 14, 2019
India’s GDP is likely to recover gradually to 6.9 percent in FY21 and 7.2 percent in FY22, World Bank said.
India central bank
Asia   The uptick in India’s growth would be seen as the "as the cycle bottoms-o
The uptick in India’s growth would be seen as the “as the cycle bottoms-out, rural demand benefits from the effects of income support schemes, investment responds to tax incentives and credit growth resumes,” it said in a report focusing on South Asian economies titled South Asia Economy Focus: Making (De)centralization Work.

Topics: World Bank India GDP

For the current FY, Bangladesh (with 8.1 percent) and Nepal (with 7.1 percent) GDP growth would likely be ahead of India.

The World Bank noted India’s GDP fall for the second consecutive year in FY19 to 6.8 per cent from 7.2 percent in FY18.

The first quarter of FY20, the economy saw ‘broad-based’ slowdown to a 25-quarter low of 5 per cent year-on-year with weakening demand along with the slowdown in the growth of both industry and services on the supply side.