Nations like India should pad up for trade, manufacturing turbulence: WB

In India, growth has accelerated, driven by an upswing in consumption, and investment growth has firmed as the effects of temporary factors wane

The World Bank on Wednesday said the Indian economy would grow at 7.3 per cent in 2018-19 (FY19), slightly higher than the official Advance Estimates (AE) of 7.2 per cent. However, it warned developing countries to be ready to cope with turbulence in international trade and manufacturing.

In its latest Global Economic Prospects report, the bank also maintained growth projections for India at 7.5 per cent for 2019-20. The multilateral agency, on the other hand, cut the global forecasts by 0.1 percentage points for both 2018 and 2019. (See chart). 

That is still a robust growth performance, the bank said.