Word Bank has praised PM Modi government’s economic policies and has projected a good outlook for economic growth of India. As per World Bank an ambitious government undertaking comprehensive reforms, India has enormous growth potential compared to other emerging economies. World Bank also projected country’s growth rate to 7.3 per cent in 2018 and 7.5 for the next two years.
India, despite initial setbacks from demonetisation and Goods and Services Tax (GST), is estimated to have grown at 6.7 per cent in 2017, according to the 2018 Global Economics Prospect released by the World Bank in Washington.
World Bank has praised the policies of Indian Government. It has predicted a growth of 7.3% in 2018 and 7.5% over next two years. As per World Bank the bold decision of Demonetization and GST will help Indian economy to grow at faster rate than other countries.
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