India remains fastest growing economy in world, fundamentals are strong: WB

New Delhi, May 29: India remains the fastest growing economy in the world, economic fundamentals are strong and reform momentum continues.
In its report World Bank said that Goods and Services Tax (GST) is on track for implementation in the second quarter of the fiscal year, and is expected to yield substantial growth dividends from higher efficiencies, and raise more revenues in the long term.
According to a new World Bank report, while, agriculture growth delivered in 2016-2017, investment growth remains subdued, partly because of banking sector stress.
The report also highlights the low and falling participation of women in the labor market.
For India to achieve higher growth, it needs to create safe, flexible and well-paying jobs for a large number of women who are currently not in the labor market.