The World Bank has projected economic growth to accelerate to 7.3% in 2018-19 and 7.5% in 2019-20.
The forecast by the Washington DC-based multilateral agency, which is in line with its earlier projection in January, is however, a tad more optimistic than the government's official estimates, which has pegged GDP growth in 2017-18 at 6.6 per cent.
The Indian economy regained its momentum in the December quarter, recovering from disruptions caused by demonetisation and implementation of the goods and services tax (GST), to expand at 7.2%, the fastest in five quarters.
According to a report on PTI, on being asked about the Dollars 2 billion banking sector fraud which has been unearthed at Punjab National Bank (PNB) recently, World Bank said it is a standalone case and the investment decisions are long term which are taken well in advance.
The bank's India Development Update divides India's economic growth history into four segments.
"Many are attributing this short term down turn as a negative fallout from the reforms - Demonetization and Goods and Service Tax (GST)".
"India's long-term growth has become more steady, stable, diversified and resilient".
The report has also underlined priority areas for reform by India including accelerating the investment rate, reviving bank credit to support growth and more competitiveness to strengthen exports. It appreciated the impact of GST on formalization of the economy and for making economic growth sustainable. India needs to durably recover its two lagging engines of growth - private investments and exports - while maintaining its hard-won macroeconomic stability.
"In addition, reforms to land, labour and financial markets are needed to assure the continued competitive supply and use of key production inputs, such as labour, land, finance, and skills", it added.
"Blockchain's application for identity management and know your customer (KYC) looks quite promising", stated the study titled, 'Role of trade finance for inclusive growth, ' jointly conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) and global professional services firm Deloitte.
"The implementation of the new Insolvency and Bankruptcy Code is an important step towards changing the credit culture", the report said. Additional measures could include a consolidation of public-sector banks, revising their incentive structure to align more closely with their commercial performance, ensuring a level playing field for private banks, and opening the space for greater competition.
On the flip side, it said oil prices pose less of a risk for the Indian economy, the expected normalisation of monetary policy by the U.S. and the other advanced economies are likely to tighten financing conditions. While oil prices pose less of a risk for the Indian economy, the expected normalization of monetary policy by the United States and other advanced economies are likely to tighten financing conditions.
In an editorial, widely-read Chinese state-run tabloid Global Times said the U.S. was trying to play the victim. Navarro said that tariffs, including those on metals imports, will not necessarily provoke a trade war.
It is his first visit as president to the state of California. "No wall!" Protests were also held on the Mexican side, in Tijuana. The wall prototypes were constructed pursuant to an Executive Order issued on President Trump's fifth day in office.
According to prisoners rights group Addameer, there were 6,119 Palestinian prisoners being held in Israeli custody as of February. The Hamas-run health ministry in Gaza said four people were wounded, one of them seriously.
Corbyn's spokesman later told reporters that his record on worldwide crises is bettered by no lawmaker in Parliament. We'll get abuse for saying so but where British lives have been put at risk it is important to be clear about this.
Tiger Woods said it after his nailbiting runner-up finish in the Valspar Championship: "I've missed this". Sports also saw a record 3.26 overnight rating on Saturday for its coverage of the third round.
So, she might've lost a retainer, but it seems this whole thing turned out pretty great in the end. "I would scream", she said . She also defended the orthodontist in several other tweets, stating that she will continue seeing him as her orthodontist.
Separately on Wednesday, Prudential also said that it plans to sell off a £12bn United Kingdom annuities book to Rothesay Life. The capital benefit from the transition, it said, would be retained within the group to support the demerger process.
Iran agreed to curbs on its nuclear program in exchange for the lifting of a number of sanctions as part of the deal. President Trump has opposed the deal from the start, and is demanding broad changes to the already negotiated pact.
The temperature had warmed considerably by the time Paul Goydos began play as part of the first afternoon threesome off No. 10. And Woods' impressive putt certainly got fans talking on social media. "Tiger was that intimidating".
She became the first Cabinet nominee in history to need a tie-breaking vote from the vice president to be confirmed by the Senate. On Sunday, the Department of Education Secretary stumbled her way through a sit down with 60 Minutes correspondent Lesley Stahl .
Walmart to expand online grocery delivery across the US
The retail giant has eschewed delivery in the past, choosing instead to focus on a lower-cost store-pickup service. The expansion will open up the retailer to 100 metropolitan areas, reaching more than 40 percent of USA households.
NFL Linebacker Pleads Not Guilty to Biting Woman
According to NFL Network, Johnson will make around $15 million per year, though it's unknown how long the deal is for. Aldon Smith was released from the Oakland Raiders over an alleged March 3 attack, but he's fighting charges.
Sherman, 49ers to meet Saturday
Sherman expects to be ready for the regular season but could be limit in August for training camp and parts of the preseason. He tore his Achilles tendon in November. "I want to go to a contender", Sherman said Friday on KIRO radio in Seattle.
North Korea Has Suggested It Is Open To Talks With US
People watch a TV screen showing North Korean leader Kim Jong Un at the Seoul Railway Station in Seoul, South Korea, 07-03-2018. New Delhi has been cutting back on trade with North Korea but has maintained diplomatic links.
20-year-old Sues Dick's, Walmart Over new gun Policies
Within a week of retailers announcing gun sales bans on adults younger than 21, a lawsuit in OR is seeking to test those policies. Knox Merkle, 19, of Moscow, said people should not be prevented from purchasing firearms just due to their age.