Indian economy will grow at 6.3 per cent in 2015 and
it could become the fastest growing emerging market by 2016-18, according to a
top Goldman Sachs economist.
Tushar Poddar, India economist, Goldman Sachs said
he expects India to become the fastest growing emerging market over 2016-18 overtaking
China.
He said, “Improvement in governance and
micro-conditions - especially the cost of doing business, rapid urbanization
and higher capital spending could lead to higher growth rates.”
Poddar believes that balance sheets of the corporate
sector and banks were a concern, which will come down as macros improve.
Goldman Sachs expects crude oil to climb up to $85 in 2015. Poddar said GDP the external environment will remain benign, and India's GDP should grow at 6.5% in FY16 and 7% in FY17.
Goldman Sachs expects crude oil to climb up to $85 in 2015. Poddar said GDP the external environment will remain benign, and India's GDP should grow at 6.5% in FY16 and 7% in FY17.
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