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Economy

Q1: What is the World Bank's retail inflation forecast for India for FY24?

A 5.2%

B 5.5%

C 5.8%

D 5.9%

ANS: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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