World Bank projects India’s GDP growth at 7.3 per cent for the next financial year

The World Bank has projected India's GDP growth at 7(point)3 per cent for the next financial year which it states will accelerate further to 7(point)5 per cent 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 per cent in the current fiscal ending 31st March. The report, however, observed that a growth of over 8 per cent will require continued reform and a widening of their scope, aimed at resolving issues related to credit and investment, and enhancing competitiveness of exports.