(MENAFN) World Bank president said at a summit conference in India's western commercial city Gandhinagar that the country's economy is likely to grow by 6.4 percent in 2015, Xinhua reported.
After slowing to around 5 percent growth in the previous two fiscal years, Indian economy has started showing signs of pick-up as it expanded by 5.7 percent and 5.3 percent in the second and third quarter of 2014.
"We project that India will be a bright spot in an otherwise medium global economic outlook. (The) economy, according to our projections, is expected to grow 6.4 percent this year and even faster in 2016," he said.
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