According to
global investment bank Goldman
Sachs, Indian economy is expected to clock 7.9% growth
in the current fiscal driven.
"For the fiscal year
2016-17, we forecast real GDP to grow by 7.9% year-on-year, higher than
consensus expectations of 7.5% and up from 7.6% in FY16," Goldman Sachs
said in a research note.
"We believe the government's focus on
executing these reforms and building out rural infrastructure will have a
gradual positive impact on India's economic growth trajectory," the report
said.
In the first quarter of this year the country's
GDP growth accelerated to 7.9% and a five year high growth rate of 7.6% for the
year 2015-16 is recorded.
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