India likely to grow at 7.9% in 2016-17: Crisil
Crisil Research on Tuesday revised its forecast for India’s economic growth in 2016-17 to 7.9% from 8.1% projected earlier, “due to intensifying global headwinds". The global analytics and advisory services firm said that growth in the next fiscal would benefit from factors like "improved transmission of the RBI's policy rate cuts", while being dependent on support from a “normal monsoon”.