'India's growth rate will be 6.7 percent in the next two financial years', World Bank estimates

The World Bank has released important estimates regarding India's growth rate. According to this, India's growth rate will be 6.7 percent in the next two financial years. According to the World Bank's latest growth estimates 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 on Thursday that 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 that 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.

The bank said that the services sector probably would continue its steady expansion. Manufacturing activity would be strong, supported by government initiatives to enhance the business environment. Investment growth was seen staying unchanged and slowing public investment would be compensated by an acceleration in private investment.

India's growth in the financial year 2024-25 - April 2024 to March 2025-will be 6.5 percent, reflecting a slowdown in investment and weak growth in the manufacturing sector. Excluding India, the growth rate in this sector is expected to accelerate to 3.9 percent in 2024. This largely reflects an improvement in Pakistan and Sri Lanka, which is a result of better macroeconomic policies adopted to overcome economic difficulties.