Washington. Recently, National Statistical Office NSO had said in its report that this year India’s GDP will exceed 7 percent. Now the World Bank has also made a big prediction for India’s economy. The World Bank has said in its recent Global Economic Prospects report that investment in India will remain strong for many years to come. Although the World Bank has said in its report that the investment may be less, but despite the slowdown in the world economy, India’s economic development is going to progress at a great pace. It is clear from this World Bank report that the economic policies of the Modi government are working and India still remains the fastest growing economy in the world.
Before the World Bank, institutions like IMF and Fitch had also predicted that India’s growth rate would continue to grow rapidly. Although the IMF had expressed concern over the loan taken by India, it did not consider it dangerous. Recently in the report of Reserve Bank i.e. RBI it was also said that India’s GDP will be more than 7 percent. According to the World Bank report, despite the recession in the world, India’s economic growth rate is estimated to be 6.4 percent in 2024-25. The World Bank has also said that no other country in the world can match this economic growth rate of India. Along with this, the World Bank has said that it estimates India’s growth rate to be 6.5 percent in 2025-26.
The World Bank’s Global Economic Prospects report states that investment in India is going to be supported by the money being pumped in by the government and better corporate balance sheets, including the banking sector. The World Bank has expressed fear that the growth rate of the world’s major economies will fall to around 2.4 percent in 2024. According to the World Bank, this half decade i.e. 5 years is going to be the weakest in terms of economy in the last 30 years.