What is the World Bank's retail inflation forecast for India for FY24?
5.2%
5.5%
5.8%
5.9%
Correct Answer :
D. 5.9%
The World Bank has revised its retail inflation forecast for India for FY24 to 5.9%, up from the earlier estimate of 5.2%. This upward revision is attributed to certain factors which caused a sharp increase in food prices in July 2023. It is important to note that this is just a forecast and the actual inflation rate may vary.
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