India’s GDP to grow by 7.9% this fiscal: Goldman Sachs
The Indian economy is expected to post a 7.9% growth in real GDP in 2016-17, global financial services major Goldman Sachs said on Thursday. This comes amid a better monsoon, civil service wage hike following the Seventh Pay Commission, favourable policy mix, key reforms and FDI inflows, it stated. Earlier, RBI retained GDP growth rate projection at 7.6% for 2016-17.