NEW DELHI: World Bank says that India's GDP growth may slow down. The World Bank estimates that the GDP will be 6.3 percent in the current financial year. ‘India's GDP growth is likely to decline to 6.3 percent in the financial year 2024 due to economic slowdown’, states report.

6.6 percent GDP growth is predicted this financial year. At the same time, the report also points out that India is one of the fastest growing economies in the world despite these challenges.

The World Bank also shares the expectation that the fiscal deficit will be 5.2% in 2024. According to the World Bank's annual report, the country's GDP growth rate has changed due to slower income growth and lower consumption.