The peninsular subcontinent Indias growth is expected to accelerate to 5.6% in the current fiscal year and further to 6.5% in 2015-16, buoyed by strong investments and political certainty. India will be the only BRICS (Brazil, Russia, India, China, and South Africa) Nation where growth picks up in FY14 and further accelerates in FY15 and further accelerates in FY17 owing to an expected improvement in business environment. India had clocked sub 5% growth in the previous two fiscals. In the long run, a credible low inflation environment would benefit growth by improving the investment environment.
Posted on: Tue, 28 Oct 2014 09:45:03 +0000
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