India's GDP to grow at 7.3 per cent in 2018-19, says World Bank report

In what comes as a positive news for the Indian economy, the World Bank on Wednesday projected India's economy to grow by 7.5 percent during the 2019-20 fiscal year. The Apex bank made its growth projections for India based on economic stimulus provided by Modi government's policy reforms and rebound in credit. India retained its position as the fastest growing major economy in a world of slowing growth, according to the World Bank.
The Bank’s Global Economic Prospects (GEP) report released on Tuesday kept the forecasts made for India in its June report for the next fiscal year and the 7.3 per cent estimate for the current fiscal year, up from 6.7 per cent recorded in 2017-18.