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India to grow at 7.8% in 2015-16, surpass China: ADB

Industry Economy

According to Asian Development Bank (ADB) report, the Indian economy will grow by 7.8 per cent in 2015-16 on the back of improved performance in industry and services. India’s growth momentum is expected to build to 8.2 per cent in 2016-17, ADB Country Director M.Teresa Kho. Also, India is expected to grow faster than China in the next few years, said ADB Chief Economist Shang Jin-Wei.

Extracted from HBL,Mar 24,’15

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