The World Bank has projected a growth rate of 7.3% for India this year and 7.5% for 2019 and 2020. The bank also noted that Indian economy has recovered from the effects of demonetisation and the Goods and Services Tax.
The World Bank in its twice-a-year South Asia Economic Focus report in Washington stated that growth is expected to accelerate from 6.7% in 2017 to 7.3% in 2018 and to subsequently stabilise supported by a sustained recovery in private investment and private consumption.
Source- World AIR Service
Static/Current Takeaways Important for NABARD Grade-A Exam 2018-
- President of the World Bank- Jim Yong Kim.
- Headquarters of World Bank: Washington, DC.