In October 2022, the World Bank slashed its growth estimate for India by one percentage point to what percent for FY23?
Options:
A . 6.0%
B . 7.0%
C . 6.5%
D . 7.5%
Answer: Option C The World Bank lowered its FY23 growth forecast for India by one percentage point to 6.5% from its June estimate of 7.5%, citing the impact of the ongoing war in Ukraine, rising global interest rates and high inflation.
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