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

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

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.

HT Image