Indian Economic Overview
India is expected to become the world’s fastest-growing major economy by 2016 ahead of China as per International Monetary Fund (IMF) in its recent World Economic Outlook forecast. India is expected to grow at 6.3 per cent in 2015, and 6.5 per cent in 2016.
India's macro-economic prospects has strengthened and the country is best positioned among emerging market economies, gaining global investor's attention, says a report by ICICI Bank.
The improvement in India’s economic fundamentals has accelerated in FY2015 with the combined impact of a strong Government mandate, RBI's inflation focus supported by benign global commodity prices.