For the 2015-16 fiscal, the GDP growth has been pegged at 7.6%. "We expect growth to gain momentum in 2016-17 fiscal, with headline real GDP up at 7.8%," DBS said in a research note. The DBS report said there are still doubts about the underlying inconsistencies in the GDP numbers. Recovery in the Indian economy is likely to continue and the GDP growth is expected to be higher at 7.8% in the current fiscal, although it will be "uneven", propped largely by "strong consumption" and public expenditure, says a DBS report. According to the global financial services firm, doubts remain however on the underlying inconsistencies in the GDP numbers.

Source: dna June 12, 2016 07:16 UTC