<p>New Delhi: The <a href="https://www.deccanherald.com/tags/world-bank">World Bank</a> on Tuesday raised the growth forecast for the Indian economy to 7 per cent for the current fiscal year on the back of recovery in agri sector and rural demand.</p>.<p>World Bank had in June projected India to grow at 6.6 per cent for FY24.</p>.<p>According to the World Bank Report released on Tuesday, India's growth continues to be strong despite a challenging global environment.</p>.Congress govt in Telangana to take World Bank's assistance to restructure the state.<p>Improvement in monsoon and private consumption have led to revising the India gross domestic product (<a href="https://www.deccanherald.com/tags/gdp">GDP</a>) forecast, said World Bank senior Economist Ran Li.</p>.<p>The growth rate of India, which accounts for the bulk of the South Asia region, is expected to remain strong at 7 per cent in 2024-25, the World Bank said in the India Development Update.</p>.<p>Recovery in agriculture will partially offset a marginal moderation in industry, it said, adding that services will remain robust.</p>.<p>Rural private consumption will recover, thanks to the expected recovery in agriculture, the World Bank said.</p>
<p>New Delhi: The <a href="https://www.deccanherald.com/tags/world-bank">World Bank</a> on Tuesday raised the growth forecast for the Indian economy to 7 per cent for the current fiscal year on the back of recovery in agri sector and rural demand.</p>.<p>World Bank had in June projected India to grow at 6.6 per cent for FY24.</p>.<p>According to the World Bank Report released on Tuesday, India's growth continues to be strong despite a challenging global environment.</p>.Congress govt in Telangana to take World Bank's assistance to restructure the state.<p>Improvement in monsoon and private consumption have led to revising the India gross domestic product (<a href="https://www.deccanherald.com/tags/gdp">GDP</a>) forecast, said World Bank senior Economist Ran Li.</p>.<p>The growth rate of India, which accounts for the bulk of the South Asia region, is expected to remain strong at 7 per cent in 2024-25, the World Bank said in the India Development Update.</p>.<p>Recovery in agriculture will partially offset a marginal moderation in industry, it said, adding that services will remain robust.</p>.<p>Rural private consumption will recover, thanks to the expected recovery in agriculture, the World Bank said.</p>