The World Bank Report points to macroeconomic constancy of the Indian economy.

World Bank's publication 'India Development Update' has noted realistic signs of a further uptick in Indian economic growth. The bounce back in industrial activity including manufacturing sector is significant for job creation in the upcoming years.

 According to The report, the Indian economy is set to relapse to its trend growth rate of 7.5% as it bottoms out from the blow of GST and demonetization. The World Bank Report tips to macroeconomic stability of the Indian economy.

The report expects the Indian economy to clock a growth rate of 6.7 per cent in the current fiscal. Rise to 7.3 per cent for the next financial year and pick up the pace further to 7.5 per cent in 2019-20.

World Bank report has lauded India's current record in scheming inflation.

The report points to the impact of reforms on the Indian economy from composition of deficit, energy subsidy reforms, GST, ease of doing business, FDI liberalization, infrastructure generation, inflation targeting framework, Insolvency and Bankruptcy Code, to way in to financial services and digital payments.

The report says that oil prices could impact the Indian economy as India is increasingly integrated with the global economy. It appreciated the impact of GST on formalization of the economy and for making economic growth sustainable.