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#2
January 9th, 2018, 12:35 PM
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| Re: Indian GDP Growth World Bank
World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions. GDP details: Real GDP slowed growth this past quarter but overall annual growth for fiscal year 2017/18 is expected to rebound to an annual rate of 7.0 %. Public finances remain stable, though there has been an increase in sub-national debt levels. The key medium-term risk is the need for recovery in private investment. Please find the below attached image to get details of Indian GDP Growth World Bank:  ECONOMIC OUTLOOK Economic activity is expected to stabilize, maintaining annual GDP growth at 7.0% in FY18. Growth is projected to increase to 7.4% by FY20, underpinned by a recovery in private investments prompted by a recent increase in public capex and an improvement in the investment climate (partly due to passage of the GST and the Bankruptcy Code, and measures to attract FDI). Contact: Country Office Contacts 70 Lodi Estate New Delhi 110003 India Tel: +91-11-41479301 / 49247000 Media Queries Nandita Roy +91-11-4147-9301 mediaindia@worldbank.org |