The Indian Economy will develop by 6.9% in this financial year (2012-13) despite problems like policy concerns, financial lack and blowing up, the World Bank estimated on Tuesday, while cautioning that third world countries will have to face difficult times.

" India will see development (measured at aspect cost) improving to 6.9%, 7.2% and 7.4% in financial decades 2012-13, 2013-14 and 2014-15, respectively," the World Band said in the review called 'Global Financial Prospects'.