Thursday, December 3, 2015

World Bank retains India growth forecast at 7.5% for 2015-16

As the public investment is helping kick-start the investment cycle, World Bank confined its GDP growth projection for India
FY 2015-167.5%
FY 2016-177.8%
FY 2017-187.9%
Whereas the projection by International Monetary Fund(IMF) is 7.3% this fiscal lower than projected by World Bank.
Some reform areas
  • Rolling out Goods and Services Tax
  • Battering asset quality of Banks
  • Fixing service delivery by States and local bodies

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