World Bank projects India as fastest growing economy again in 2018 with GDP growth at 7.3%
According to the World Bank’s Global Economic Prospects released on Wednesday , India will be likely to Regains top position among major economies with a GDP growth at 7.3% in 2018
World Bank Also Projected China’s Economy will further slow down to 6.4% in 2018 which was 6.8% in 2017
Economic affairs secretary Subhash Chandra Garg tweeted: “World Bank releases its GDP growth estimates. India projected to grow at 6.7% in 2017. Higher growth of 7.3% projected for 2018. Impressive advance corporate tax payments in 3rd quarter indicates India’s growth turnaround to be much better.”
The pace of world growth was expected to moderate to 3 percent in 2019 and 2.9 percent in 2020, it said.