According to Moody's Investors Service, Indian economy will grow at 7.5 per cent in 2016 and 2017

According to Moody's Investors Service, Indian economy will grow at 7.5 per cent in 2016 and 2017 due to a fact that India is relatively less exposed to external headwinds, like China slowdown, and will benefit from lower commodity prices. Another source of resilience will be India's large services export sector (IT services account for around 18 per cent of total exports). India's economy is also powered by sustained growth in consumer spending, fostered by moderate inflation and still favourable demographics, and strengthening investment, in particular FDI.
According to the report, the growth rate gap with other G20 emerging markets will be unusually large. In the five years to the end of the decade, we expect GDP per capita (at market exchange rates) to increase by 34 per cent in real terms in India, compared with only 3.6 per cent in the G20 emerging markets excluding China and India.
Press-release at The Times of India web-site