{"id":305447,"date":"2023-04-04T06:33:00","date_gmt":"2023-04-04T06:33:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/04\/04\/indias-growth-continues-to-be-resilient-world-bank-report\/"},"modified":"2023-04-04T06:33:00","modified_gmt":"2023-04-04T06:33:00","slug":"indias-growth-continues-to-be-resilient-world-bank-report","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/04\/04\/indias-growth-continues-to-be-resilient-world-bank-report\/","title":{"rendered":"“India’s Growth Continues To Be Resilient”: World Bank Report"},"content":{"rendered":"

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\"'India's<\/div>\n

It also pointed out that labour market outcomes have improved post-pandemic.<\/p>\n<\/div>\n

New Delhi: <\/b><\/p>\n

India’s growth continues to be resilient despite some signs of moderation in growth in the second half of the last fiscal, the World Bank said today. Pointing to areas of concern, it said manufacturing and construction sectors shed a lot of jobs during the Covid pandemic. However, it also pointed out that labour market outcomes have improved post-pandemic.<\/p>\n

“Strong domestic demand, underpinned by robust consumer spending by higher-income groups and higher public investment, was the main growth driver. However, consumer spending by low-income groups was weak due to slow income growth,” it said.<\/p>\n

Inflation is elevated, but pressures are moderating as food and fuel prices moderate, the India Development Update, the World Bank India’s biannual flagship publication, said. It, however, remains above the upper threshold of the Reserve Bank of India’s (RBI) target range of 2-6 percent.<\/p>\n

Since May 2022 the RBI’s Monetary Policy Committee (MPC) has hiked the repo rate (its main policy rate) by 250 basis points, it pointed out.<\/p>\n

The current account deficit also narrowed in the third quarter of the last fiscal as commodity prices eased, it said.<\/p>\n<\/div>\n

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[ad_1] It also pointed out that labour market outcomes have improved post-pandemic. New Delhi: India’s growth continues to be resilient despite some signs of moderation in growth in the second half of the last fiscal, the World Bank said today. Pointing to areas of concern, it said manufacturing and construction sectors shed a lot of […]<\/p>\n","protected":false},"author":1,"featured_media":305448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[372488,21618,17177],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/305447"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=305447"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/305447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/305448"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=305447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=305447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=305447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}