United Nations:06 June :- World Bank estimates that India can retain its status as the fastest growing economy in the world. The World Bank says that India’s growth rate of 7.3 percent this financial year and it can be 7.5 percent in the next two years.
According to the report of the bank’s Global Economy Prospectus, this estimate has been made to explain the growth rate due to strong private consumption and strong investment. This report was released on Tuesday.
According to the COMMENTS report, “India’s GDP growth rate remained at the lowest point in 2017 due to low in five consecutive quarters but it has improved a lot.”
It has been said in the report that India has crossed the temporary barrier with the implementation of the goods and services tax (GST) and manufacturing production and industrial production is also strong