World Bank projects India's GDP growth at 7.3% for the next financial year

The World Bank has projected India's GDP growth at 7(point)3 percent for the next financial year and accelerates further to 7(point)5 percent 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 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.