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India’s Jan-Mar growth to be around 7.1%: DBS

business Updated: May 31, 2016 06:25 IST

NEW DELHI: India’s GDP growth for the fourth quarter of 201516 is likely to be around 7.1%, but slow private sector capital expenditure and stressed banking sector will weigh on the economy’s growth potential this year, according to a DBS report. Meanwhile, a Credit Suisse report said the Indian economy is expected to grow 7.8% in 2016-17, mainly on account of a likely recovery in agriculture and private consumption.

First Published: May 31, 2016 06:25 IST