World Bank growth forecast for India lower than Nepal, Bangladesh
Updated : October 14, 2019 09:53 AM IST
In a major setback for India's economic outlook, a World Bank report on Sunday estimated India's economic growth in the current fiscal at 6 percent, lower than the Reserve Bank of India's latest revised outlook of 6.1 percent.
This comes as another bleak outlook for the economy, after recent downward revision of GDP estimate by Asian Development Bank (ADB) and Organisation of Economic Co-operation and Development (OECD) apart from the RBI and a couple of rating agencies.
The growth forecast for India for the financial year 2019-20 was even lower than that of Nepal and Bangladesh which the estimates to grow at 6.5 percent and 7.2 percent respectively.