World Bank has projected India’s growth rate at 7.3 percent in 2018 and 7.5 for the next two years. According to the 2018 Global Economics Prospect release, despite initial setbacks from demonetisation and Goods and Services Tax (GST), India’s economy is estimated to have grown at 6.7 percent in 2017.
India’s growth potential will be around 7 percent for the next 10 years. In comparison with China, which is slowing, the World Bank is expecting India to gradually accelerate.
Static/Current Takeaways Important for IBPS Clerk Mains 2017 Exam-
- World Bank’s Prospects Group Director– Ayhan Kose.
- Jim Yong Kim is the 12th President of the World Bank Group.
- World Bank Headquarters in Washington DC, USA.
Source- AIR World Service