World Bank predicts 7.3% growth for India in 2018
New Delhi, Apr 17 (ANI): The World Bank on Monday noted that the Indian economy has recovered from the effects of demonetisation and the Goods and Services Tax (GST) and predicted a growth rate of 7.3 percent for the country in 2018.
Further, the apex international financial institution forecasted a rate of growth of 7.5 percent for 2019 and 2020.
The World Bank in its twice-a-year South Asia Economic Focus report said that the growth is expected to accelerate from 6.7 percent in 2017 to 7.3 percent in 2018, and will subsequently stabilise, supported by a sustained recovery in private investment and private consumption.
The report also noted that India should strive to accelerate investments and exports to take advantage of the recovery in global growth.