Yubi Daily Wrap

Macro Updates

The World Bank and the Asian Development Bank have cut India’s growth forecast for FY 2023-24 citing slowdown in consumption as a major challenge. The World Bank now projects India’s GDP to moderate to 6.3% against its earlier estimate of 6.6%, while ADB pegs it at 6.4%, against 7.2% estimated earlier.

April 5, 2023

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