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World Bank retains its forecast of India's growth rate at 7.5% for FY 2019-20

World bank has retained its forecast for growth in India at 7.5% in 2019-20 fiscal & the succeeding years but also warned that re-escalation of India-Pak tensions arising from 'military skirmishes' like in Feb could increase uncertainty & impact investments in the region. India, as the largest economy in South Asia, will help the region post solid growth. The global growth prospects will begin improving & may reach 2.8% in 2021.