The World Bank today forecast a growth rate of 6.7 per cent for India within the next two fiscal years, with exports and private investment projected to strengthen and provide a boost to growth. In its latest 'Global Economic Prospects' report, the World Bank said the country's GDP in factor cost terms is projected to grow by 5.7 per cent in the current fiscal ending March 2014, and then accelerate to 6.5 per cent and 6.7 per cent, respectively, in the subsequent two financial years. But the Bank added that how robust that recovery will be will depend on the pace of policy and fiscal reforms, and remains subject to significant uncertainty. The World Bank said that high-income countries will see a modest growth of 1.2 percent this year, which will firm up to 2 percent in 2014, and 2.3 percent by 2015. Also, economic contraction in the Euro Area is projected to be 0.6 percent for 2013, compared with the previous projection of 0.1 percent, while modest growth of 0.9 percent is expected in 2014, and 1.5 percent in 2015.