Indian economy to grow at 6.7% for next two financial years, says World Bank

India’s economic growth is projected to grow at a rate of 6.7% over the next two financial years, a World Bank report said on Thursday.

The report titled “Global Economic Prospects” said that the services sector is expected to enjoy sustained expansion. Manufacturing activities would strengthen, supported by government initiatives aimed at improving the business environment, it added.

“Investment growth is projected to be steady, with moderating public investment offset by rising private investment,” the international financial institution added.