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Indian economy expected to grow at 7 to 7.5 per cent in 2016: Kaushik Basu

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The Indian economy is expected to grow at 7 to 7.5 per cent in 2016, World Bank chief economist Kaushik Basu said today.

“Roughly it is in a ballpark of the kind of figure. We (World Bank) have given over 7 per cent or somewhere between 7 and 7.5 per cent which no matter whether the top-end of it or bottom end of it. India will still be the leader among major economies. Not only in 2015 but we expect India to lead that chart in 2016 as well,” Basu told reporters on the sidelines of a programme here.

Until October, the World Bank retained India’s growth forecast at 7.5 per cent for 2015-16 and expected it to be 7.8 per cent in 2016-17 and 7.9 per cent in 2017-18.

He said the World Bank would review the growth projections of countries on January 7 or 8.

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