Indian economy world’s shining star: S&P chief economist

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NEW DELHI: Amid the slowing global economy, India is in pretty good shape due to reforms, the government’s investment push and the large domestic market, and robust growth appears to be sustainable for the next few years, S&P Global Ratings global chief economist said on Friday.
“India is the shining star of the global economy right now. It’s been a little bit under the radar. In a world where almost everyone is slowing down India will be posting7+% growth this fiscal year and 6.5% for the next,” Paul Gruenwald told TOI.
“India is less vulnerable than many other countries given the size of its domestic market. As long as global capital flows continue to behave, there’s been a little bit of volatility, and given the fundamental story, India looks to be in good shape for the next couple of years,” said Gruenwald.
India’s economy is likely to grow in the 7-7.5% range in…

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