World Bank projects India’s FY19 GDP growth at 7.3 per cent

Date posted: Friday 16 March 2018

The World Bank today projected India’s GDP growth at 7.3 per cent for the next financial year and accelerates further to 7.5 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 competitiveness of exports.

(Financial Express)

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