India's real GDP growth to near 7%: Standard & Poor's

Ratings agency Standard & Poor's said India's real GDP growth will near 7 percent by 2017.

New Delhi: Ratings agency Standard & Poor's said India's real GDP growth will near 7 percent by 2017.

To achieve this target, it said high growth and a strong fiscal was a must.

Stating that improvements on the government's balance sheet would be gradual, it said that sovereign metrics stood better in closing the gap with peers.

“The government's ability to fulfill promises on reforms is critical,” Standard & Poor's said.

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