World Bank retains India’s economic growth forecast at 8.3% for 2021-22

Why in news?

• The World Bank has retained India’s economic growth forecast for the current fiscal at 8.3 per cent as the recovery is yet to become broad-based.

About India’s economic growth

• As per the first advanced estimates of the national income released by the National Statistical Office (NSO) last week, the economy is projected to grow at 9.2 per cent in 2021-22, surpassing pre-COVID level in actual terms, mainly on account of improved performance, especially in farm, mining and manufacturing sectors.