India to grow 5.6% this fiscal, 6.5% in FY16: Fitch

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Expecting better investment scenario and political certainty, "India will be the only BRIC country where growth picks up in 2014, to 5.6%, with an expected further increase to 6.5% in 2015 and 2016 due to an expected improvement in business environment," credit rating agency Fitch said on Wednesday. 

"The new Government has started rolling out a number of policies, which may improve the efficiency of the bureaucracy and strengthen the investment climate," Fitch said.

The ratings agency, on the other hand, said that the Chinese economy witnessing a slowdown in the years to come.

Daily Pioneer
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