World Bank releases its latest report on “South Asia Economic Focus, Exports Wanted”
As per latest report on “South Asia Economic Focus, Exports Wanted” by World Bank (WB), India’s GDP growth is expected to accelerate moderately to 7.5% in FY 20 (2019-20) and will be driven by continued investment strengthening, particularly private-improved export performance and resilient consumption. As per report, Credit growth will benefit from relatively more accommodative monetary policy amid benign inflationary conditions. Support from delayed fiscal consolidation will partially offset the effects of political uncertainty on economic activity around elections in May 2019. The real GDP growth is estimated at 7.2% in financial year FY 19 (2018-19).