India to remain the fastest growing economy in 2016: World Bank

India will be the fastest growing economy in 2016, states the recently released United Nations (UN) World Economic Situation and Prospects 2016 Report.

According to the report, India’s economic growth will shoot up to 7.3 percent in 2016 and will further increase to 7.5 percent in 2017. This is an improvement from the 2015 value of 7.2 percent growth in the country’s Gross Domestic Product (GDP)