‘World is plunging into recession, not India’: Netizens react as World Bank upgrades India’s GDP growth to 6.9%

The World Bank in its India Development Update has upgraded the forecast for the Indian economy to 6.9% from 6.5% earlier in the current fiscal year, a World Bank report said on Tuesday, adding that India is well positioned to tackle global headwinds.




India is projected to be one of the fastest-growing major economies. The slowdown in emerging economies could also position India as an attractive alternative investment destination, it said.

India, like its global peers, has been plagued by a rise in commodity prices and tightening monetary policy by central banks worldwide. However, the World Bank is confident that the global slowdown has a much lower impact on India, compared to other emerging economies.

Netizens were upbeat with the development and reacted to it.



‘When world is plunging into recession, India is getting upgrades’


‘India unstoppable’



‘Big slap by World Bank to naysayers’


‘India under PM Modi is growing economically’



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