"There could be some changes in the January review of India's growth forecast," Basu said. He was responding to media queries on whether failure of the Center to get the GST Bill passed will have an impact on the projection.
"Decision-making and reforms can have an impact in terms of growth rate and the fact that a couple of important decisions did not go through could have an impact. But India is dominating for a couple of reasons," Basu said here today.
Recession in Brazil and Russia and slowdown in China have made India the leading economy in terms of growth prospects for the first time this year, Basu said.
Until October, the World Bank retained India's growth forecast at 7.5 percent for 2015-16 and expected it to be 7.8 percent in 2016-17 and 7.9 percent in 2017-18.

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