India GDP to grow at 7.3 per cent: World Bank

Despite the slowdown in the Indian economy, global institutions are bestowing confidence in the hope of revival in the economy. International behemoths Morgan Stanley and World Bank are forecasting a growth rate of around 7.3 per cent for FY2018-19.  
  
According to the global financial giant Morgan Stanley, the growth story of the Indian economy is likely to remain strong in the medium term perspective on the back of improving corporate returns expectations and balance sheet fundamentals.  
  
The financial major also added that the cyclical growth recovery and normalising food prices are also likely to promote a revival in headline inflation.  
  
Further, World Bank has also expressed that it is most likely that India will record a higher growth rate than other major emerging market economies in the coming decade. India’s strong private consumption and services is expected to be a key driving force for the economy. On the contrary, World Bank’s projected a decelerating growth rate for the Chinese economy. China's growth rate is expected to decline to 6.4 per cent in 2018 from 6.8 per cent in 2017.