India to grow at 7.8% in 2015-16, leave behind China: ADB
New Delhi : Feel good news continues to come for the Indian economy. After World Bank officials, it is not time for Asian Development Bank (ADB) to shower praise for India as far as its economic performance is concerned.
The Asian Development Bank (ADB) has said that India is going to leave behind China as far as pace of economic development is concerned. The Asian Development bank has today projected India’s growth rate to surpass China and improve to 7.8 per cent in next fiscal and further to 8.2 per cent in 2016-17.
India’s growth and investor confidence will improve on the back of government’s structural reform agenda and improved external demand, the Asian Development Outlook (ADO), an annual publication of the ADB, said.