<h1>India's Economy Set to Grow 7.2% in 2018-19, Driven by Strong Consumption and Reforms, Says UN Report.</h1> The United Nations' World Economic Situation and Prospects 2018 report projects India's economy to grow by 7.2% in 2018-19 and 7.4% in 2019-20, driven by strong private consumption, public investment, and structural reforms. Public sector investment in Gross Fixed Capital Formation rose to 25.1% in 2016-17. The Indian government's policy measures have boosted economic confidence, leading to improved ratings and rankings by Moody's and the World Bank. Initiatives include manufacturing boosts, infrastructure development, bank recapitalization, and the Goods and Services Tax. The 2018-19 budget focused on infrastructure and tax reductions for small and medium enterprises.