South Asia and Beyond

World Bank Pegs India Growth Next Fiscal At 8.7%

India will grow at 8.7 per cent in the coming financial year, according to the World Bank. It said the production linked incentive scheme could be a major boost to growth especially in terms of manufacturing. The scheme covers 13 sectors (including telecom, electronics and pharma) with incentives of ₹1.97 lakh crore spread over five years.