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Economy to grow 7.2% in FY18; GST to have positive impact: WB

Economy to grow 7.2% in FY18; GST to have positive impact: WB

Tuesday, April 18, 2017, 11:18 AM

The effects of demonetization could continue on the informal sector even as the Indian economy is set to witness 7.2% growth this financial year which is expected to rise further to 7.5% in 2018-19, says a World Bank report. "significant risks" to economic growth could emanate from fallout of demonetization on small and informal economy, stress in the financial sector and uncertainty in global environment, it added.
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