Global rating agency Fitch says that India is expected to grow at 7.8 per cent in 2015. In its Global Growth Outlook report, Fitch yesterday said the Indian Government's strong drive to implement structural reforms should lead to improvements in the business environment and, over the time, to an increase in investments. It further said that translation of the reforms into higher real GDP growth will depend on the actual implementation. Fitch said, it continues to expect a continued acceleration in the Indian economic growth rate, from 7.3 percent in fiscal 2014-15, which was below Fitch estimate of 7.4 per cent. It said that the India's GDP growth will surpass China's this year and accelerate to 8 per cent in 2016 and 8.1 per cent in 2017. Fitch said that the Global economy is expected to grow by 2.4 per cent in 2015.
News On AIR | July 1, 2015 8:42 AM
India to grow at 7.8% in 2015, surpass China: Fitch