Is India Immune From Recession Fears? World Bank's Senior Economist Answers

While India is the fastest growing major economy globally, the Indian economy faces several challenges amid recession fears across many countries. The World Bank retained India's growth forecast at 6.3 per cent while raising the inflation forecast to 5.9 per cent from 5.2 per cent. Dhruv Sharma, who authored the World Bank's 'India Development Update' says that the Indian economy is resilient. He adds that India is not immune from recession fears but is better placed to weather challenges.