Indian economy projected to grow 7.3% in '16: UN
India’s economy is “slowly gaining momentum” and is projected to grow 7.3% this year and 7.5% in 2017, a UN report has forecast. “Despite some delays in domestic policy reforms and... fragilities in the banking system, investment demand is supported by the monetary easing cycle, rising FDI, and government efforts towards infrastructure investments and public-private partnerships,” the report said.