Monday, August 17, 2015

India' GDP to grow at 7% in 2015-16 says #Moody's

Moody's Investor's Service in its 'Global Macro Outlook' report has stated that India's Gross domestic product will expand about 7 percent in 2015 compared with an earlier estimate of 7.5 percent, the company predicted. It still sees 7.5 percent growth in 2016.

It predicts India’s economy will grow 7.5 percent in the 12 months through March 2016, compared with a government forecast of 8 percent to 8.5 percent for the same period. The Moody’s forecast is for the calendar year.