Zee Media Bureau
New Delhi: The World Bank is set to release a report on Monday that will highlight the economic and financial developments of India over the last one year. The report will also lay stress on the current situation and what lies ahead.
The World Bank recently said the Indian economy is set to grow by 6.4 percent in 2015-16 as against 5.6 percent in 2014-15.
The Indian economy had grown by 5 percent in the last quarter.
With economic activity buoyed by expectations from the new elected government of Prime Minister Narendra Modi, "India is benefiting from a "Modi dividend"," the Bank had said.
The 'India Development Report' will review the recent economic developments of the country such as real sector activity, balance of payments, inflation, financial sector, fiscal developments, poverty and income distribution and reform actions.
The report will also give a view on the outlook of the Indian economy and the rupee.
In its report of October 2013, the World Bank pointed out that the then turmoil in the global market had magnified the country's macroeconomic vulnerabilities. However, it held that India's growth potential were high. It also asserted that the turmoil then would provide India with an opportunity to improve the growth momentum throuhg reforms.
With Agency Inputs
