New Delhi: The World Bank has slashed India’s economic growth forecast for the current financial year to 7.5 per cent. Earlier, he had projected India’s economic growth to be 7.5 per cent for the year 205-2. The World Bank’s report on global economic prospects, in its Global Economic Prospects, says India’s growth forecast has been downgraded given the current rising inflationary pressures, supply chain disruptions and the challenges posed by geopolitical tensions. The World Bank estimates that India’s growth rate could be 6.1 per cent in FY2050-9. Which is 0.50% higher than his previous estimate. The previous estimate was 7.5 percent. According to the report, India’s gross domestic product (GDP) is expected to grow by 7.5 per cent in 206-2. The World Bank has also slashed its global economic growth forecast for 203 from 7.1 per cent to 7.5 per cent. The World Bank said in its report that global growth could slow to 6.5 per cent in 203 from 4.5 per cent in 2021. The IMF had set a global economic growth forecast of 7.1 per cent for January 2018.