As per the World Bank, India’s GDP growth is expected to accelerate moderately to 7.5% in Fiscal Year 19-20, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption.
The real GDP growth is estimated at 7.2% in FY18/19, the World Bank said in its latest report on South Asia ahead of the spring meeting of the World Bank and the International Monetary Fund.
Source- The Hindu
Static/Current Takeaways Important For LIC AAO Mains Exam:
- World Bank President: David Malpass, Headquarters in: Washington DC, USA, Established in: 1944.