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India’s GDP growth will overtake China’s over 2016-18: Goldman Sachs

Goldman Sachs India economist Tushar Poddar expects GDP growth at 6.5% in FY16 and 7% in FY17

Goldman Sachs

Tushar Poddar, India economist, Goldman Sachs, said the Indian economy will grow at 6.3% in 2015. The brokerage expects India to become the fastest growing emerging market over 2016-18 overtaking China.

He said, “Improvement in governance and micro-conditions – especially the cost of doing business, rapid urbanisation and higher capital spending could lead to higher growth rates.”
 
Poddar believes that balance sheets of the corporate sector and banks were a concern but have peaked and will come down as macros improve.
 
Goldman Sachs expects crude oil to climb up to $ 85 in 2015. Poddar said

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