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India's growth accelerates in 2016
India's economic growth, as per economists' poll, escalated at the beginning of 2016, despite that the latest surveys showed that it somehow lost momentum in April.
India's GDP climbs 7.5%
As per the economists' estimates, the GDP, for the period January to March, climbed 7.5% compared to the previous quarter's 7.3% figure, still being lower, though, than mid-2014 peak where the rate was 8.3%.
Furthermore, Deloitte's economist, Rishi Shah, stated that the drivers for the nation's recovery are the services and the agricultural sectors.
Even though India's economy is upper than China's 6.7% quarterly rate, the nation may also face some obstacles along the way.
Moreover, Raghuram Rajan, the Reserve Bank of India Governor, highlighted for probable challenges ahead and that China's slowdown could influence other countries, including India.
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Friday, 27 May, 2016 / 8:04
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