UN Report Says India to be Fastest-Growing Economy in 2016

Budget 2016 - India will be the world’s fastest growing large economy at 7.3 per cent in 2016, improving further to 7.5 per cent in the following year, a United Nations world economy report said on Friday.

“India’s economy, which accounts for over 70 per cent of South Asia’s GDP, is projected to grow by 7.3 per cent in 2016 and 7.5 per cent in 2017, slightly up from an estimated 7.2 per cent in 2015.”

Union Budget 2016-17 - India will be the fastest-growing large economy in the world, said World Economic Situation and Prospects 2016, which was released by the UN here.

The report said South Asia is expected to be the world’s fastest-growing region in 2016 and 2017.

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