In last June, the bank predicted a 6 percent growth for the financial year.

The revised growth forecast came at the global lender's half-yearly report ‘Global Economic Prospect’ released on Wednesday.

However, the government eyes an economic growth of 7.8 percent in the 2017-18 fiscal year.

Earlier, the bank predicted a 6 percent GDP growth in the 2016-17 fiscal which has now been revised at 7.2 percent.

In the last fiscal year, the government, was as usual, in disagreement with the World Bank as the agency makes a conservative forecast while the government tries to put an 'embellished' economic picture.

According to the Bangladesh Bureau of Statistics or BBS, the GDP growth in the 2016-17 fiscal was 7.28 percent but the global lender said it did not cross 7 percent.

"Bangladesh’s growth in FY2016/17 (July-June) was 7.2 percent, exceeding the June forecast owing to higher-than-expected outturns in the manufacturing and services sectors," the bank said in its new report.

"Robust private consumption was complemented by strong public investment growth," it added.

Strong growth in investment in the public sector coupled with the issue of consumer demand growth has played a big role in this regard, believed the WB economists.