16 Jul, 08:59 - Indian

SENSEX 80664.86 (0.00)

Nifty 50 24586.7 (0.00)

Nifty Bank 52455.9 (0.00)

Nifty IT 38911.35 (0.00)

Nifty Midcap 100 57664.45 (0.00)

Nifty Next 50 74367.35 (0.00)

Nifty Pharma 20844.55 (0.00)

Nifty Smallcap 100 19047.7 (0.00)

16 Jul, 08:59 - Global

NIKKEI 225 41370.39 (0.44)

HANG SENG 17781.84 (-1.30)

DOW JONES 40211.72 (0.53)

S&P 5631.22 (0.28)


Economy News

You are Here : Home > News > Economy News >

(12 Jun 2024, 08:35)

India to remain fastest-growing of the world’s largest economies: World Bank


India will remain the fastest-growing of the world’s largest economies, although its pace of expansion is expected to moderate, the World Bank said in its latest biannual Global Economic Prospects. After a high growth rate in FY2023/24, steady growth of 6.7 percent per year, on average, is projected for the three fiscal years beginning in FY2024/25. Growth is estimated to have picked up to 8.2 percent in fiscal year (FY) 2023/24 (April 2023 to March 2024)—1.9 percentage points higher than estimated in January.

Growth in industrial activity, including manufacturing and construction, was stronger than expected, alongside resilient services activity, which helped offset a slowdown in agricultural production partly caused by monsoons. Growth of domestic demand remained robust, with a su...

More News