India’s economy to grow by 7.7% in 2016-17: UN report
India's economy is projected to grow by 7.7% in 2016-17 and 7.6% in 2017-18, benefiting from strong private consumption, a UN economic report said. Notably, this comes after the International Monetary Fund slashed India's growth forecast for 2016-17 to 6.6% from its previous estimate of 7.6%. Meanwhile, the World Bank forecasted India’s growth for 2016-17 to be 7%.