December 26, 2015 6:52 PM

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Bank may revise its GDP growth projection: Kaushik Basu

World Bank chief economist Kaushik Basu on Saturday indicated that the bank may revise its GDP growth projection for India after it goes for a stock-taking in a few months. He was responding to media queries in Kolkata on whether failure of the Centre to get the GST Bill passed will have an impact on the projection.Basu indicated that India's dominance in growth will continue due to a couple of reasons. Recession in Brazil and Russia and slowdown in China have made India the leading economy in terms of growth prospects for the first time this year. He, however, did not clarify on whether the uncertainty over the countrywide sales tax reform would influence the investment sentiment and the projection.Until October, the World Bank retained India's growth forecast at 7.5 per cent for 2015-16 and expected it to be 7.8 per cent in 2016-17 and 7.9 per cent in 2017-18.

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