- Advertisement -
India’s economic momentum has been affected by disruptions from the withdrawal of banknotes and uncertainties around the Goods and Services Tax (GST), the World Bank says in its latest report.
As a result, growth is expected to slow from 8.6 percent in 2015 to 7.0 percent in 2017.
Sound policies around balancing public spending with private investment could accelerate growth to 7.3 percent by 2018, the World Bank said in its South Asia Economic Focus, a biannual economic update.
While sustained growth is expected to translate to continued poverty reduction, more focus could be made to help benefit the informal economy more, said the report released here ahead of the annual meeting of the International Monetary Fund and the World Bank.
- Advertisement -
