India to remain magnet for FDI, predicts Citigroup as GDP set to hit 7.5%

With its economy likely to clock up GDP growth of 7.5% this year, India is likely to remain an attractive destination for investors according to a new report from a Citigroup; but while reforms would help its expansion, the external headwinds remain strong.
“Overall a period of consolidation would see GDP growth at 7.7% in FY17, only marginally higher than 7.5% growth in FY16,” the report predicts. Citigroup also believes that the country’s “relative macro outperformance” will continue to attract investment,  especially  in the context of global growth forecasts of 2.8%.

Source: AKIpress