Indian economy to grow at 7.3% in FY19 and 7.5% in FY20: World Bank

The investment rate, as represented by the gross fixed capital formation, stood at 7.6 per cent in 2017-18, growing from a low of 1.6 per cent in 2013-14

Keeping its previous estimate of India’s GDP growth in 2017-18 unchanged at 6.7 per cent, the World Bank has signalled that the economic slowdown has bottomed out, and maintained its growth forecast for 2018-19 at 7.3 per cent and 7.5 per cent for 2019-20. 

The government’s Central Statistics Office, in its second advance estimate, had pegged the gross domestic product (GDP) growth at 6.6 per cent, marginally above 6.5 per cent in the first advance estimate. 

However, the pleasing growth projections come with the assumption that investments will grow at 6.7 per cent in 2019-20. The investment rate, as represented by the