MUMBAI: Standard & Poor’s (S&P) sharply raised India’s growth forecasts for the next several years to reflect a recent change in how gross domestic product (GDP) is calculated by the government, and said the economy should be a “bright spot” in Asia.
The ratings agency raised its India GDP growth forecast to 7.9% from 6.2% for the year ending March 2016, citing as well rising investment and low oil prices. — Reuters
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