This year the Indian economy has once again maintained growth levels above 7%. The anticipated rise in GDP in fiscal 2016-2017 (ending 31/3/17) is +7.1%, slower than the +7.6% of 2016 (the best result at a world level), while the forecasts for the next 12 months range between the IMF’s 6.6% and the Indian Economy Ministry’s 7%.
Without question investments in infrastructure remain the main growth driver. According to the World Bank, the Indian government is expected to allocate 3-4% of the country’s GDP to infrastructure investments to ensure annual economic growth of between 7% and 8%.
Read more: http://www.ceramicworldweb.it/cww-en/statistics-and-markets/construction-and-infrastructure-drivers-of-indian-growth/