An Asian Development Bank study has forecast that the Indian economy will remain on a strong growth path and grow by 7.4 percent this fiscal. The ADB said growth will be aided by implementation of key structural reforms, robust consumer demand, and higher agricultural output. The latest Asian Development Outlook 2016 Update also said that as corporates successfully de-leverage and bank reform boosts lending, recovery in private investment will help drive growth to 7.8 per cent in 2017. It noted the adoption of structural reform to attract more foreign direct investment, and passage of legislation to allow a national tax that will create a more integrated and productive economy.The report said South Asia is developing into Asia's fastest growing sub-region, driven by solid growth in India. It said India is likely to expand its trade in IT services.