World Bank's publication 'India Development Update' has noted credible signs of a further uptick in Indian economic growth.The rebound in industrial activity including manufacturing sector is critical for job creation in the years to come.The World Bank Report points to macroeconomic stability of the Indian economy.
The World Bank projected India's Gross Domestic Product (GDP) growth at 7.3 percent for the next financial year. The body also projects an accelerated growth to 7.5 percent in 2019-20.
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 World Bank report further said that accelerating the growth rate will also require continued integration into global economy.
- World Bank Headquarters: Washington, D.C., United States
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- CEO: Kristalina Georgieva
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