India on the fast path

India regained its status as the fastest growing economy in the world by growing 7.2% GDP in December quarter.

In November, Moody’s raised India’s investment grade rating one notch, the rating agency’s first upgrade in nearly 14 years. India also jumped 30 places to break into the top 100 for the first time in World Bank’s Doing Business report 2018. Rising crude prices and the rising NPA issues can put a dampener to the growth.