India to grow at 8% over the next few years: S&P
The Dollar Business Bureau Supported by growing domestic consumption base, credit rating agency S&P Global on Monday has estimated that India would witness a ‘steroid-free’ growth of 8 percent in the coming next few years. In its report on APAC Economic Snapshots - September 2016, the US-based agency said that structural reform agenda in India has maintained robust momentum and should propel higher growth. “For India, we are still forecasting GDP growth at about 8 percent over the next few years. Moreover, this is relatively high quality, ‘steroid-free’ growth backed by a broadening consumption base,” said S&P. The structural reform agenda in the country continues to keep a strong momentum, with the recent passage of GST Bill, and should drive higher growth, ...
