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India to grow at 7.2% in 2017-18: World Bank

India to grow at 7.2% in 2017-18: World BankNew Delhi, May 29 (IANS) The World Bank on Monday projected a 7.2 per cent growth rate for India in 2017-18 due to the impact of demonetisation and protracted investment recovery.

In its bi-annual economic India Development Update, the World Bank said the growth will accelerate to 7.2 per cent from 6.8 per cent in 2016-17.

"Economic activity ought to accelerate in FY18. GDP is projected to grow at 7.2 per cent from 6.8 per cent in FY17," it said in a report released here.

 

India's growth would increase gradually to 7.7 per cent by 2019-20, the report added.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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India to grow at 7.2% in 2017-18: World Bank

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.

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