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Business News

Mar 14, 2018
8:12PM

World Bank projects India's GDP growth at 7.3 per cent

The World Bank today projected India's GDP growth at seven point three per cent for the next financial year and accelerate further to seven point five per cent in 2019-20. 

The World Bank's biannual publication, India Development Update - India's Growth Story, expects the economy to clock a growth rate of 6.7 per cent in the current fiscal ending March 31. The report, however, observed that a growth of over 8 per cent will require continued reform and a widening of their scope, aimed at resolving issues related to credit and investment and enhancing the competitiveness of exports.

The World Bank report further said that accelerating the growth rate will also require continued integration into global economy. 

It pitches for making growth more inclusive and enhancing the effectiveness of the Indian public sector.

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