NEW DELHI: The World Bank on Wednesday projected India's GDP growth at 7.3 per cent for the next financial year and accelerate 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 Indian economy is likely to recover from the impact of demonetisation and the GST, and growth should revert slowly to a level consistent with its proximate factors -- that is, to about 7.5 per cent a year," the report said.
In November 2016, the government had scrapped high value currency notes of Rs 500 and Rs 1,000 in a bid to check black money, among others.
Later, India implemented its biggest indirect tax reform -- Goods and Services Tax (GST).
Both of these initiatives had impacted the economic activities in the country in short run.
Brij Y - Bangalore, India - 15 hours ago
But Harward economist dont understand this numbers. For them numbers have to come from Itali.
Reply 4 2 Flag
Virendra - 6 hours ago
Burnol moments for Anti nationals and corrupt Congress followers.
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brainuser69 with brain
brainuser69 with brain - 18 hours ago
Only Fenku bhagat will believe such a high growth. India will be lucky to achieve 3% REAL growth.
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Yogesh - Pune - 10 hours ago
market in India in 2030 and in China in 2030 will be so distinct n different that their ecosystem will be poles apart from operating point of view, India will represent truely global open n diversified unlike China where it will be closed loop, exploiting outside poor countries with high loan n debt on them making to accept what they want
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