“S&P now says India ‘bright spot’, ups GDP forecast 7.9% for 2015-16 “

Achhe Din:

 

“NEW DELHI: International rating agency Standard & Poor’s has sharply revised India’s growth forecast upwards to 7.9% for 2015-16 and 8.2% in the year after, crediting the move to rising investment and fall in oil prices as it singled out the country in the region while trimming its forecasts for China, Japan and the four Asian Tigers.

“India should be the Asia-Pacific region’s bright spot. We revised our growth forecasts for the country upward, reflecting new official data based on  .. ” (from the news report)

Read the whole report here.