The World Bank in the month of March 2013 forecasted that the Indian economy is estimated to grow over 6 per cent during 2013-14.
World Bank Chief Jim Young Kim, who is on a three-day visit to India asserted that India is estimated to have grown 5 percent in the current fiscal and the growth rate is likely to improve to 6.1-6.7 percent in 2013-14.
The Indian economy, like any other economy, is subject to global slowdown. It has effect here and at the same time, the export market has started doing better.
On the positive node, it also had be seen that share of India in global economy almost doubled in five years between 2005 and 2010.
Kim is on his first visit to India after taking over as President of World Bank Group in July 2012.