The World Bank on 9 April 2014 has been fore casted that the economic growth rate for India for the fiscal year 2014 - 2015 will be 5.7% .In its forecast the World Bank said that the growth would be backed in the more competitive exchange rates and many large investments raring to go forward in fast track.
In its latest edition of the South Asia Economic forum the World Bank has said that the Indian conditions would be boistered by the more competitive exchange rate and progress towards clearance of important investment projects .
India may see an acceleration of growth in financial year 2013-2014 from 4.8% to further increase to 5.7% during fiscal year 2014-2015.
Apart from this the international monetary fund (IMF) in its release has also fore casted that the Indian economy would recover from 4.4% growth in 2013 to 5.4% in 2014 ,World bank has also said that India needs to bring in some necessary reforms to create a better professional environment and spur growth for the private sectors .
According to them the private sector strongly feels that India is a difficult place to do business due to multi regulations. So India is on a fast lane at last.