World Bank retains India's growth rate for FY19-20 at 7.5%
WASHINGTON: India is projected to grow at 7.5 per cent in the next three years supported by robust investment and private consumption, the World Bank has said.
The Bank in its Global Economic Prospects released Tuesday said that India is estimated to have grown 7.2 per cent in fiscal year 2018/19, which ended March 31. A slowdown in government consumption was offset by solid investment, which benefitted from public infrastructure spending.
As against a growth rate of 6.6 per cent in 2018, China's growth rate in 2019 is projected to drop to 6.2 per cent and then subsequently to 6.1 per cent in 2020 and 6 per cent in 2021, the bank said.
With this India will continue to retain the position of being the fastest growing emerging economy. And by 2021, its growth rate is projected to be 1.5 per cent more than China's 6 per cent.
According to the World Bank, growth in India is projected at 7.5 per cent in Fiscal Year 2019/20 (April 1, 2019 to March 31, 2020), unchanged from the previous forecast, and to stay at this pace through the next two fiscal years.
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Pranav Sharma • 2 hours ago
Even world bank is more optimistic than congress.. lol
Vertigo • Pranav Sharma • Pune • 1 hour ago
No sign of Pappu... Any news about his whereabouts ? Has he committed suicide or something ? I hope not... because we need that autistic duffer for 2024 as well. After all, he is BJP''s star campaigner. Long live Pappu Popat
Shashi Tharoor ki maataaji • Vertigo • Kerala • 1 hour ago
He''s in deep sulk after getting gaaang-baaaanged on May 23rd. His sore aaarssse just wont heal
Sssssshhhhh • 2 hours ago
I Pray to GOD that Modi government should be there for another 25 years
rajendran nair• Sssssshhhhh • 1 hour ago
Your wish is similar to 800 million Hindustanis. However remaining so called citizens are anti-Hindustanis, who does not want Hindustan to progress like China or Pakistan. Only want to loot money to deposit in Swiss banks.
Dr Vidyadhar Yellutla • Bangalore • 2 hours ago
A step closer to become 5 trillion $ economy by 2024.
Souvik Ghosh Dastidar• 12293 • Dr Vidyadhar Yellutla • Kolkata • 2 hours ago
5 trillion is a distant dream. Target 3.5 trillion as of now. Go step by step.
Souvik Ghosh Dastidar • Bangalore
From 2014(1.857 trillion $-11th position) to 2019(2.85 trillion $ - 5th position), NDA has added 1 trillion $. What it means is India becoming 4 trillion $ is assured, extra measures can make it 4.2 trillion $ at least.
N Renganathan• Location
good news . World Bank has revised overall growth of world from 2.9 (January) % to 2.6 (June) as per predictions .
let everybody work hard to achieve 7.5% estimated .
Avanish Srivastava• N Renganathan
Let everybody work hard!
This is what required.
A Gujju Chaiwala has performed better than literate idiots like MMS and corrupt Cheatembaram.
Abhishek Nirmala Pandey • india
It''s not that congrass is not optimistic. It''s that they don''t want the government to succeed and the country to prosper. If the people don''t remain hungry and poor, congress ''vote bank'' will go.
Comparing India with China on economy and growth rate is understood. But why the only other country mentioned in this context is Pakistan? We aren't living in the 90's.
Krish • india
It is a completely justifiable assessment, given the business friendly environment and stable government.
Abhishek Kaushik • Patna • 2 hours ago
Atleast the world bank has more faith in India''s economy and the current government. Hopefully Nirmala sitharaman will analyse the reason behind India''s declining economic growth and act accordingly to mitigate the situation.
Jagdeep • Gurugram • 1 hour ago
Modi hai to Mumkin hai.
What Harvard graduate can't do it, A chaiwala will do it.
Mohit Goyal• 387 • Mohit Goyal • 1 hour ago
wow.....India is once again a worlds fastest growing economy
Lasomani • Location • 1 hour ago
India is actually slowing down.
Da • India • 2 hours ago
Indian Economy safe and going to be progressive next five year under the leadership pf Narendra Modi.This news may not be digested by Rahul Randhi.
A True • New Delhi • 1 hour ago
rahul with all his heirs should migrate to pak to help them revival of their economy
Gaana User • 2 hours ago
Kameswaran • 59 mins ago
The anti national opposition will say, Modiji is now controlling World Bank too, to sideline China !!!
Bharat Tonse • 1 hour ago
it has to, and will hover around 8 to 9 percent.
the many wonderful reforms and great work in infra will bring rewards in 15 months. ...
bharat tonse • Goa • 33 mins ago
Andjt is just the beginning.
NTR • 2 hours ago
WB knows that PM Modi is back
Straightfromheart • India • 2 hours ago
All numbers are cooked up....
Vishal • 51 mins ago
Pakistan growth rate should be minus 10%