World Bank pegs India's GDP growth higher than FY18 Advance Estimates

To overtake China next year after getting pipped by it in 2017-18

The World Bank has pegged India’s economic growth at 6.7 per cent in 2017-18, slightly higher than 6.5 per cent estimated by the statistics office. For the next financial year, the growth would accelerate to 7.3 per cent, overtaking China's at 6.4 per cent in 2018, the multi-lateral agency said.

In its 2018 Global Economics Prospect, the World Bank projected India's economic growth to be 7.5 per cent in the two years each after 2018-19. In these two years, China's growth rate will drop to 6.3 and 6.2 per cent, respectively.

The Central Statistics Office on Friday came out with Advance Estimates