World Bank projects India's GDP growth at 7.3%

The World Bank on Wednesday projected India's Gross Domestic Product (GDP) growth at 7.3 percent for the next financial year.

The body also projects an accelerated growth to 7.5 percent in 2019-20.

World Bank's biannual publication, India Development Update - India's Growth Story, expects the economy to clock a growth rate of 6.7 percent in the current fiscal ending March 31.

The report, however, observed that a growth of over 8 percent 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.