India’s economy expected to grow 7.5% in FY16: Moody’s

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NEW DELHI: Projecting stable growth rate for India, Moody’s Investors Service on Monday said the economy would grow at 7.5 per cent in the current fiscal and improve marginally in the following year.

“We expect that India’s real GDP will grow at 7.5 per cent in the financial year ending March 31, 2016 (FY16) and 7.6 per cent in FY17.

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