The World Bank has forecast a growth rate of 7.3 per cent for India this year and 7.5 per cent for the next two years, making it the fastest growing country among major emerging economies.
A top World Bank official said India’s economy is robust, resilient and has potential to deliver sustained growth. India retains the tag of the fastest growing country among the world’s major emerging economies, Ayhan Kose, Director of the Development Prospects Group at the World Bank, told PTI.
“India’s economy (today) is robust, resilient and has potential to deliver sustained growth,” Kose said.
“India is doing well. Growth is being robust. Investment growth remains high. Consumption remains strong. All in all these numbers are encouraging,” Kose said, referring to the World Bank report on India’s growth rate figures.
“However, you look at it, India is in a very strong position,” he said.