World Bank expects India’s GDP growth to 7.5 per cent in FY 2019-20
09/04/2019 16:04

World Bank expects India GDP growth to accelerate moderately to 7.5 per cent in Financial Year 2019-20, driven by continued investment strengthening, particularly private-improved export performance and resilient consumption.

As per the latest report on South Asia disclosed on Sunday, the GDP has been calculated as 7.2 per cent.

The report shows, industrial growth accelerated to 7.9 per cent and agriculture growth was at four per cent.

On the other hand, domestic consumption remained the primary growth driver, but gross fixed capital formation and exports both made growing contributions.

As per the calculation, improvements in India's export performance and low oil prices should bring about a reduction in the current account deficit to 1.9 per cent of GDP.