World Bank projects India to grow at 7% in FY'25

New Delhi: The Indian economy is projected to grow at 7 percent in the current financial year on the back of recovery in the agriculture sector and rural demand.

According to the World Bank Report released on Tuesday, India's growth continues to be strong despite a challenging global environment.

PSU Watch is now on Whatsapp Channels. Click here to join

The growth rate of India, which accounts for the bulk of the South Asia region, is expected to remain strong at 7 percent in 2024-25, the World Bank said in the India Development Update.

Recovery in agriculture will partially offset a marginal moderation in industry, it said, adding that services will remain robust.

Rural private consumption will recover, thanks to the expected recovery in agriculture.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)