World Bank sees India's growth at 6.9% this year

India's economy is expected to grow 6.9% in the current fiscal year, the World Bank said on Tuesday

Asia fourth-largest economy expanded 6.3% in the July-September quarter, and gross domestic product growth for the full fiscal year

The World Bank raised its forecast for India's growth to 6.9% for the current fiscal year from 6.5% earlier.

India, like its global peers, has been plagued by a rise in commodity prices and tightening monetary policy by central banks worldwide.

The report sees average retail inflation at 7.1% this year and warns that the fall in commodity prices could dampen inflationary pressures.