The country’s gross domestic product (GDP) growth rate in the current financial year is estimated to be 5.2 percent as against 7.2 percent in 2021-22.
The global crisis triggered by the Russian invasion of Ukraine will result in a contraction in GDP.
A report by the World Bank (WB), however, said that the growth rate in the next financial year may increase by 1 percent to 6.2 percent.
