World Bank projected India's growth rate could be 7.3 percent in 2018.Â In the next two years, It's gonna touch even 7.5 percent-mark.
As per the 2018 Global Economic Prospect of World Bank, India is expected to achieve higher growth rate than other emerging economies in the next 10 Years despite initial setbacks like Demonetisation and Goods & Services Tax. The bigger picture is that India has got enormous potential.
World Bank says, 'Contrary to China which is slowing, India is gonna gradually accelerate'.
China's growth rate is at 6.8 percent in 2017, just 0.1 percent more than that of India. In 2018, The growth rate of China gonna be just 6.4 percent. In the next two years, It's growth rate would drop further to 6.3 percent and 6.2 percent respectively.