Revival in rural demand, increased infrastructure spending is likely to drive India's growth in current year, even as increasing debt and trade protectionism could pose a challenge, said a Deloitte report.The 'Voice of Asia' report of Deloitte predicts a faster than expected growth for Indian economy against the backdrop of increasing crude oil prices and volatile market conditions. "After a year of disruptions and growth slowdown, Indian economy is consolidating the gains from the recent reforms and is moving in the right direction. "As the global economy is in its heights after recovering from the shocks of 2008 crisis, India should take the benefit of this opportunity. India's ability to stave off the economic gales was helped by the fact that it is much less dependent than most countries on global flows of trade and capital. Besides, the spread of global protectionist sentiment is a concern for the Asian economies, it said.

Source: Economic Times March 13, 2018 11:37 UTC