Barclays Expects India To Grow At A Sizzling 7.9% In 2017

HFA Padded
Bala Murali Krishna
Published on
Updated on
India GDP Growth

India GDP growth shows little sign of slowing – Move aside China, India will be the top growing economy once again next year say analysts at one of the world’s largest banks. Day-to-day transactions remain badly affected in India since a Nov. 8 ban on large denomination bills in the largely case-based economy. The world’s fastest-growing country is widely expected to take a hit, with economist and former Prime Minister Manmohan Singh estimating a 2-percentage point fall in projected growth rates. However, Barclays is maintaining its FY2016-17 growth forecast of 7.9%, despite downside risks of between 50 and 100 basis…

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