Q. What is the India’s GDP growth forecast for FY 18, as per World Bank (WB)'s latest report "India Development Report"?
Answer: 7.2%
Notes: According to the latest report of World Bank titled “'India Development Report”, India’s Gross Domestic Product (GDP) is expected to grow at 7.2% for FY18 (2017-18) due to the impact of demonetisation and protracted investment recovery. Though, India’s growth would accelerate to 7.7% by FY 20 on strong fundamentals, reform momentum and improving investment scenario. The report stated that the overall impact of GST on equity and poverty is likely to be positive.
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