According to the global business information, knowledge and insight provider, India is likely to achieve an average growth rate of around 7.5 per cent during FY15-FY20.
"These are exciting times for India with the ushering in of a new majority government at the Centre after three decades," Dun & Bradstreet India Senior Economist Arun Singh said adding that the government has hitherto relayed the right signals, which has only heightened the sense of exuberance amongst India Inc.
According to D&B, the Indian economy is expected to recover from the current phase of slowdown towards the second half of FY15 and gather pace by FY16.
For the first quarter of this fiscal year the country is expected to clock a GDP growth rate of around 5.2 per cent and the FY15 GDP is likely to be 5.5
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