According to United Nations' World Economic Situation and Prospects 2019 report, Indian economy is expected to grow 7.4% this year and 7.6 % in 2019-20, before tapering down to 7.4 % in 2020-21.

India's growth continues to be underpinned by robust private consumption, a more expansionary fiscal stance and benefits from earlier reforms.

Highlights:                                               

• A more robust & sustained recovery of private investment remains crucial to lift medium-term growth
• There is a consensus about India being poised on 7.4-7.5% GDP growth rate
• Revival of private investment could help push  growth trajectory above 8%

On global economic prospects, it was reported that it would continue to grow at a steady pace of around 3% in 2019 and 2020, after expanding by 3.1%in 2019, amid signs that growth has peaked.

For more: https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/WESP2019_BOOK-web.pdf