The World Bank has forecast a 6.3% growth for India in FY24. World Bank India Director Auguste Tano Kouame said India can achieve a double digit growth as well, backed by strong fundamentals and skilled workforce. A sustained 8% growth is needed for 20 years for India to achieve its target of becoming a high-income country by 2047. India had an over 8% GDP growth rate in several financial years including 2010, 2006, and 2016.
