The World Bank thinks India’s economy will grow by 6.7 percent next year starting in April. That’s a bit better than the 6.5 percent they think it’ll grow this year but not as good as the 8.2 percent growth before that. Even though there was a little dip this year the report says India is still a leader when it comes to growing its economy.
The better growth next year is expected because of the service industry doing well and more manufacturing happening. The government is also doing things to make it easier to do business which should help with investment and make things better for businesses in general. They didn’t say exactly what these things are just that the government is putting in effort.
So basically the World Bank is saying India’s economy is still going strong even if it goes up and down a little each year. They looked at the different parts of the economy like services and manufacturing plus the government’s efforts and that’s how they came up with their forecast showing India is important for global economic growth.