World Bank predicts 7.3% growth for India in 2018
The World Bank has predicted a growth rate of 7.3 percent for India for the current year and 7.5 percent for 2019 and 2020 and has observed that Indian economy has recovered from the effects of demonetization and Goods and Service Tax (GST).
In its South Asia Economic Focus Meet held twice a year, World Bank said,
Growth is expected to step up from 6.7 in 2017 to 7.3 percent in 2018 and will subsequently get stabilize supported by a sustained recovery in private investment and private consumption.
In its report, it was also stated that India should now strive to advance investments and exports so that it can benefit from its recovery in global growth.
Within the Indian section of the report, the bank also approved that disruptions from demonetization and implementation of GST creat...
