Washington, January 17
According to the World Bank’s new South Asia Growth Estimates, India’s economic growth is expected to remain stable at 6.7 percent per annum for the next two fiscal years from April 2025.
Growth in South Asia is expected to increase to 6.2 in the financial year 2025-26, the World Bank said today. This includes strong growth in India. “Growth in India is projected to remain stable at 6.7 percent each year for the next two fiscal years from April 2025,” it said.
“Continuous expansion is expected in the service sector,” the bank said. Manufacturing activities will be strengthened which will get the government’s earlier support to improve the business environment. Investment growth is expected to remain stable and growth in private investment will offset the slowdown in public investment.” India’s growth rate is projected to slow to 6.5 in FY 2024-25 due to a slowdown in investment and a weak manufacturing sector. represents an increase.
Apart from India, the growth rate in this region is estimated to increase to 3.9 percent in 2024. This mainly reflects the improvement in Pakistan and Sri Lanka which is the result of better comprehensive economic policies adopted to overcome economic difficulties. -News-Patiala
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