world bank According to the latest growth projections for South Asia, India’s economic growth rate is expected to remain stable at 6.7 percent per annum for the next two financial years from April 2025. The World Bank said, ‘The growth rate in South Asia is expected to increase to 6.2 percent in the financial year 2025-26. This includes strong growth in India. It said, “The growth rate in India is expected to remain stable at 6.7 percent per annum in the next two financial years from April 2025.”
Expectation of continued expansion in service sector
The bank said, “Continued expansion is expected in the service sector. Manufacturing activities will be strong, supported by government initiatives to improve the business environment. Investment growth is expected to remain stable and the slowdown in public investment will be compensated by the increase in private investment. India’s growth rate is expected to decline to 6.5 percent in the financial year 2024-25 (April 2024 to March 2025), which will impact the investment growth. Shows recession and weak growth of the manufacturing sector. Apart from India, the growth rate in this sector is expected to increase to 3.9 percent in 2024. This mainly reflects the improvement in Pakistan and Sri Lanka, which is the result of better macroeconomic policies adopted to overcome economic difficulties.
This estimate was given in the UN report
According to the ‘United Nations World Economic Situation and Prospects 2025’ report, the Indian economy is projected to grow by 6.6 percent in 2025, which will be mainly supported by strong private consumption and investment. It said the near-term outlook for South Asia is expected to remain strong, with growth forecast at 5.7 per cent in 2025 and 6.0 per cent in 2026. The Indian economy is projected to grow at a rate of 6.8 percent in 2024 and at a rate of 6.6 percent in 2025. The Indian economy is projected to return to 6.8 percent growth in 2026.
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