World Bank cuts India growth forecast citing global risks ...Qatar

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World Bank cuts India growth forecast citing global risks
The World Bank cut India’s economic growth forecast by a full percentage point, the most for a non-crisis economy in South Asia, citing risks from a global slowdown and the hit to demand from rising interest rates. India’s gross domestic product will grow 6.5% in the year to March, the Washington-based institution said in its South Asia Economic Focus report released Thursday. That revision, along with a 1.4 percentage point cut to crisis-ridden Sri Lanka’s growth outlook, pulled the region’s 2022 forecast down to 5.8% from 6.8% seen in June, even though the outlook for five other countries in the region were upgraded. The view on India is sharply lower than the estimate of the Reserve Bank

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