India’s economy is expected to grow at a rate of 7% in the current financial year 2024-25, thanks to improvements in the agriculture sector and rising rural demand. The World Bank released a report on Tuesday stating that despite a challenging global environment, India’s growth remains strong.
In the “India Development Update” report, the World Bank said, “India, which makes up a large part of the South Asia region, is expected to have a growth rate of 7% in 2024-25…”
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The report further mentioned, “The improvement in the agriculture sector will help offset the slight decline in the industrial sector, and the services sector will continue to be strong… The expected improvement in agriculture will also lead to better rural demand…”
