India to grow at 7 percent in Financial Year 2018, as per World Bank

In its South Asia Economic Focus, the World Bank reduced India’s GDP growth forecast to 7% for 2017-18 from 7.2% estimated earlier, blaming disruptions caused by demonetisation and the implementation of the goods and services tax (GST), while maintaining at the same time that the economy would claw back to grow at 7.4% by 2019-20.