The World Bank has forecast that India's economy will grow by just over 6 per cent in 2014-15, and further improve to 6.6 per cent in 2015-16, and 7.1 per cent in 2016-17. It said the growth will be led by recovery in global demand and an increase in domestic investment. The World Bank said, in its Global Economic Prospects report, released today, that global GDP growth may firm up to 3.2 per cent in 2014, from 2.4 per cent in 2013, and stabilise at 3.4 per cent in 2015, and 3.5 per cent in 2016. According to the report, the global economy is projected to strengthen with growth picking up in developing countries and high-income economies appearing to be finally turning the corner five years after the global financial crisis.In China, growth is estimated to stay flat, at 7.7 per cent in 2014, and slow to 7.5 per cent for the next two years.