In Emerging Markets and Developing Economies (EMDEs) other than China, growth is set to slow to 2.9 per cent this year from 4.1 per cent last year. These forecasts reflect broad-based downgrades. "Growth in India is expected to slow further to 6.3 per cent in FY 2023/24 (April-March), a 0.3 percentage point downward revision from January," the World Bank said.
