India is projected to see a faster growth of 7.5 per cent this fiscal on the back of higher savings and investment rates, even as most of the Asia-Pacific economies are likely to expand at a slower pace, says a UN report.
“The Indian economy’s strong fundamentals, namely high saving and investment rates and rapidly expanding labour force and middle class will ensure a steady economic performance...
We expect it to expand by about 7.5 per cent in 2012-13,” UNESCAP Chief Economist Mr Nagesh Kumar said.