IMF, World Bank peg India's GDP growth higher than Advance Estimates

The International Monetary Fund (IMF) and the World Bank have projected India’s growth to be higher than 6.5 per cent for the current financial year (2017-18), calculated by the Advance Estimates. Both the multilateral agencies pegged growth at 6.7 per cent.

The Central Statistics Office earlier this month came out with the Advance Estimates, which showed India’s gross domestic product (GDP) growth would fall to 6.5 per cent in 2017-18, the lowest in the Narendra Modi government’s first four years in office. 

GDP growth for 2016-17 stood at 7.1 per cent.

Some economists also say that actual GDP growth will