World Bank upgrades India's GDP growth forecast to 6.9 per cent for FY23

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World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23 from 6.5 per cent earlier.

World Bank's India Development Update said India is affected by spillovers from the US, Euro area and China.

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It however saw the government meeting the fiscal deficit target of 6.4 per cent of the GDP in 2022-23.

World Bank expects the inflation at 7.1 per cent in current fiscal year.

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