World Bank pegs India's GDP growth at 7.5% in 2015-16

 

The World Bank projects India's GDP to expand to 7.5 % in the current fiscal on account of increased economic activity and greater stability. "India's economic growth is expected to rise to 7.5 % in 2015-16, followed by further acceleration to 7.9% in 2016-17 and 8 % in 2017-18," the World Bank said in its India Development Update report on April 28,2015
"However, acceleration in growth is conditional on the growth rate of investment picking up to 11 per cent during FY16 to FY18," the World Bank said

The NDA Government in the Union Budget 2015-16 had projected the GDP growth to be at 8.5 % this fiscal.