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India to remain fastest-growing major economy, but oil poses risk: Poll

India's economy has started to recover after a slowdown caused by a ban on high-value currency notes in November 2016

Reuters  |  Bengaluru 

India will remain the fastest-growing major economy this year supported by increased government spending ahead of next year's general election, but rising oil prices pose the biggest downside risk, a Reuters poll of economists showed. The over $2 trillion economy, which surpassed France recently to become the world's sixth-largest economy, is expected to grow 7.4 per cent in the fiscal year ending in March 2019 and 7.6 per cent next, according to average forecasts in the latest poll of nearly 70 economists, taken July 19-24. In contrast, analysts in the most recent ...

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First Published: Wed, July 25 2018. 10:11 IST