World Bank pegs India’s GDP growth at 7.5%
- India’s GDP growth is expected to accelerate moderately to 7.5% in fiscal year 2019-20, driven by continued investment strengthening — particularly private — improved export performance and resilient consumption, the World Bank has said.
- The real GDP growth is estimated at 7.2% in 2018-19, the World Bank said in its latest report on South Asia ahead of the spring meeting of the World Bank and the International Monetary Fund. Data for the first three quarters suggest that growth has been broad-based. Industrial growth accelerated to 7.9%, making up for a deceleration in services. Agriculture growth was robust at 4%. Inflation dynamics have been subdued over most of FY19,