World Bank has described South Asia as a global growth hotspot, and has specificied that India's GDP growth will remain strong at 7.6 % in 2016 and 7.7 % in 2017.
"In India, GDP growth will remain strong at 7.6 % in 2016 and 7.7 % in 2017, supported by expectations of a rebound in agriculture, civil service pay reforms supporting consumption, increasingly positive contributions from exports and a recovery of private investment in the medium term," the World Bank said in its latest report on South Asia Economic Focus released on Monday.
"However, India faces the challenge of further accelerating the responsiveness of poverty reduction to growth, promoting inclusion, and extending gains to a broader range of human development outcomes related to health, nutrition, education and gender," said the biannual report.
On India, the report said economic growth remained robust, which, as in the past, is expected to support continued poverty reduction.
"This year is expected to see some convergence in rural and urban economies, supported by stimulating policies, such as passage of GST and civil pay revisions, along with good monsoons," the report said.
