According to UNITED NATIONS report, India projected to grow 7.6% in 2017
According to the report of UNITED NATIONS: India’s economy is projected to grow at 7.6 per cent in 2017 as investment regains momentum and manufacturing base strengthens on the back of structural reforms in the country, a UN study said, crediting India and China for steady growth of the Asia-Pacific region.
“India’s economy is projected to sustain a 7.6 per cent growth rate in both fiscal years 2016-17 and 2017-18,” according to the year-end update of the flagship report Economic and Social Survey for Asia and the Pacific 2016 of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
The report said India’s economic growth is expected to remain at 7.6 per cent in 2017 as investment regains momentum and the manufacturing base strengthens on the back of structural reforms.
The ongoing structural reforms are also expected to benefit private investment in India.