World Bank retains India growth forecast at 7.5% for 2015-16

The World Bank has maintained its growth forecast for India in 2015-16 at 7.5 per cent, while lowering marginally the projection for 2016-17 to 7.8 per cent, and for 2017-18 to 7.9 per cent. The World Bank says India, now the world’s fastest growing economy, is relatively well-positioned to weather the global volatility and even set for a modest acceleration in growth in the years ahead.