World Bank forecasts 6.7% growth rate for India by next fiscal

The World Bank today forecast a 6.7 per cent growth rate for India by next fiscal as exports and private investment are projected to provide a boost to its growth. In its latest 'Global Economic Prospects' report released in Washington, the World Bank said, South Asia's regional growth will be driven mainly by a projected pick up in India. The report said, India's GDP is projected to grow 5.7 per cent in the 2013 fiscal year and then accelerate to 6.5 per cent and 6.7 per cent in 2013-14 and 2014-15. It further said, India's exports and private investment which slowed sharply in 2012, are projected to strengthen during 2013 to 2015 and provide a boost to growth.
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