The World Bank has forecast a growth rate of 7 point 3 per cent for India this year and 7 point 5 per cent for 2019 and 2020.

The World Bank in its twice-a-year South Asia Economic Focus report in Washington said that growth is expected to accelerate from 6.7 in 2017 to 7.3 per cent in 2018 and to subsequently stabilise supported by a sustained recovery in private investment and private consumption.

In its report the World Bank said, India should strive to accelerate investments and exports to take advantage of the recovery in global growth.