Inflation in India will ease to 5.2 % in current fiscal, says World Bank

World Bank has said that inflation in India will further be eased to 5.2 per cent in the financial year 2023-24 against 6.6 per cent in the previous fiscal. In its report, World Bank also projected that the current account deficit of the country will narrow to 2.1 per cent of gross domestic product for the current fiscal year from an estimated three per cent in the previous fiscal. To check inflation, the RBI has raised interest rates by 250 basis points since May 2022. However, the World Bank i...