Updated By: LatestGKGS Desk
World Bank: India's GDP Growth Rate Is Expected To 7.3% In FY 2018-19
World Bank: India's GDP Growth Rate Is Expected To 7.3% In FY 2018-19
According to the World Bank, India's Gross Domestic Product (GDP) Growth Rate is expected to 7.3% in the Financial Year 2018-19.
According to to the World Bank’ Global Economics Prospects report, India is projected to regain its position as the world’s fastest-growing major economy advancing 7.3 percent this fiscal year and 7.5 percent in the next two “as factors holding back growth in India fade” ,
As per the report, India has overcome the temporary disruptions caused by the implementation of the Goods and Services Tax (GST) by mid-2017 and manufacturing output and industrial production have continued to firm.
Earlier, United Nations (UN) had projected a growth rate of 7.5 percent for 2018 and 7.6 percent for 2019, while in April the International Monetary Fund forecast 7.4 percent for 2018 and7.8 percent for 2019
World Bank
President: Jim Yong Kim (12th President from South Korea)
CEO: Kristalina Georgieva ( From Bulgaria)
Member Country: 189 Countries
Headquarters: Washington, D.C, United States
