World Bank Predicts Strong GDP Growth for India

The World Bank on Wednesday projected that India will grow by a robust 7.8 per cent in 2016 and 7.9 per cent in the next two years. 
●    World Bank also predicted that India will be the fastest growing economy in the world in the next three years and would outpace China.
●    With the recent fall in oil prices, India remains the bright spot of the global economy as Chinese growth is predicted to slow further.
●    According to its latest Global Economic Prospect report which is released bi-annually, the World Bank reduced India's growth rate by a slight 0.2 per cent in 2015 and 0.1 per cent in both 2016 and 2017.
●    The World Bank estimates that China grew at an estimated 6.9 per cent in 2015. 
●    The same report also said that China is estimated to grow at 6.7 per cent in 2016 and 6.5 per cent each in 2017 and 2018.