World Bank forecasts India’s economic growth at 7% for FY’25
The Indian economy is projected to grow at 7 percent in the current financial year, driven by a recovery in the agriculture sector and a resurgence in rural demand, according to a World Bank report released on Tuesday.
Despite a challenging global environment, India’s growth remains robust. The World Bank’s *India Development Update* highlights that India, which accounts for a significant portion of South Asia’s economic activity, is expected to maintain a strong growth rate of 7 percent in 2024-25.
The report notes that a recovery in the agriculture sector will help offset a slight moderation in the industrial sector. Additionally, the services sector is expected to remain resilient. The anticipated revival in agriculture is also projected to boost rural private consumption.
