Review of Literature

As we talking about the World Bank and its relationship with India GDP is one the most
crucial importance at present scenario. The World Bank has been aiding India from the June
1944 which was one among the 44 countries and had prepared the agenda for the Bretton
Woods Conference. The name “International Bank for Reconstruction and Development”
was first suggested by India to the drafting committee. Since then the two have been
established a close relationship with each other from framing the policies of economic
development in India to financing the implementation of these policies. 

As rightly stated by, India's growth rate in 2018 is projected to hit 7.3 per cent and 7.5 per
cent in the next two years, according to the World Bank, which said the country has
"enormous growth potential" compared to other emerging economies with the
implementation of comprehensive reforms.

India is estimated to have grown at 6.7 per cent in 2017 despite initial setbacks from
demonetisation and the Goods and Services Tax (GST), according to the 2018 Global
Economics Prospect released by the World Bank as per the report stated on 10 th June 2018 by
the World Bank reports. In all likelihood India is going to register higher growth rate than
other major emerging market economies in the next decade. So, I wouldn't focus on the short-
term numbers. I would look at the big picture for India and big picture is telling us that it has
enormous potential," Ayhan Kose, Director, Development Prospects Group at the World
Bank, told PTI in an interview.