The World Bank projected that India’s GDP will grow at 7.3% in 2018 and at 7.5% for next two years. It said that the Indian Government is very serious and is ambitiously undertaking comprehensive reforms like GST and Demonetization. Despite of initial setbacks of these reforms India is estimated to have grown at 6.7% in 2017.
The world bank said that India has enormous growth potential as compared to other emerging economies and India will grow around 7% for the next 10 years. It further added that improved labour market, education and health reforms, reforms to relax investment bottlenecks will act as catalysts in India’s growth process.