World Bank says India to grow 7.2% in FY18, GST to have positive impact

Pointing to a “modest setback” due to demonetisation last fiscal, the World Bank has forecast the Indian economy to grow 7.2% in the financial year 2017-18 and rise further to 7.5% in 2018-19, following the reform push including the rollout of Goods and Services Tax. In its report on South Asian Economy, the World Bank said that “significant risks” to economic growth could emanate from fallout of…