Guwahati, February 26: The World Bank has expressed strong confidence in India's economic growth, urging investors to explore opportunities there. Speaking at the Advantage Assam 2.0 Business Summit, World Bank Country Director Auguste Tano Kouame reiterated the lender’s optimism despite a marginal slowdown in growth projections.
"We are not concerned about India's economic trajectory at the moment. We remain highly optimistic about India and will continue to do so," Kouame stated, dismissing worries over minor fluctuations in growth figures.
He emphasized that a one-percentage-point variation in economic growth does not affect the World Bank’s positive outlook on India’s long-term prospects.
"If recent data has raised concerns, we assure you there is no need to worry. India remains a beacon of economic growth globally. If you are considering investment, this is the place to be," he added.
For the current fiscal year (2024-25), the Reserve Bank of India (RBI) has projected a 7.2% GDP growth, slightly lower than the 8.2% recorded in 2023-24. Despite this dip, the World Bank remains bullish on India’s economic resilience and investment potential.
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