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01:35
World Bank raises India's growth forecast to 7 pct
STORY: World Bank raises India's growth forecast to 7 pct
SHOOTING TIME: Recent footage
DATELINE: Sept. 4, 2024
LENGTH: 00:01:35
LOCATION: New Delhi
CATEGORY: ECONOMY
SHOTLIST:
1. various of India gate
2. various of manufacturing activities in plants
3. various of highways and metro rail
4. various of export containers
STORYLINE:
The World Bank on Tuesday revised India's growth prospects during 2024-25 to 7 percent, up from its June forecast of 6.6 percent.
In a press statement, the World Bank said that amid challenging external conditions, it expected India's growth to remain strong in the next two years.
"To create more trade-related jobs, India can integrate more deeply into global value chains which will also create opportunities for innovation and productivity growth," the World Bank said.
According to the international financial institution, India's rapid economic growth of 8.2 percent in the 23/24 fiscal year was boosted by public infrastructure investment and an upswing in household investments in real estate.
It added that India had boosted its competitiveness through the National Logistics Policy and digital initiatives that were reducing trade costs.
Xinhua News Agency correspondents reporting from New Delhi.
(XHTV)
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