At an average of 7.5 pc, India is truly a bright spot in the global economy

India’s GDP growth is expected to remain flat at 7.4 per cent, according to the latest HSBC report.

The Reserve Bank of India in April had said that the economy is likely to grow by 7.6 per cent in the current fiscal on the back of a favourable monsoon forecast. The Finance Ministry has projected the economy to grow 7-7.75 per cent in the current fiscal. The Asian Development Bank (ADB), too, had projected India’s economic growth for the current fiscal at 7.4 per cent.