India's economy will grow by 8% in FY17: Industry
The first quarter (Q1) of the current year would show faster growth due to the additional capital expenditure (Capex ) spending by government on infrastructure projects, Confederation of Indian Industry (CII) said in a statement.
"We believe that recovery is now well-entrenched and can be expected to pick up pace with better monsoons, rural demand, and ongoing fast-paced reforms process," CII President Naushad Forbes said. Image Source: Reuters/Rupak De Chowdhuri