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World Bank predicts 7.3 pct growth for India

ANI  |  New Delhi [India] 

The on Monday noted that the Indian has recovered from the effects of demonetisation and the Goods and Services (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 in its twice-a-year 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 should strive to accelerate investments and exports to take advantage of the recovery in global growth.

Meanwhile, the also acknowledged that disruptions from demonetisation and the implementation of GST led to a setback in the economic activity, and a potentially larger negative effect on the poor and vulnerable.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 08:06 IST