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KPMG Environmental Scan Report 2016

The global economy has been facing headwinds in the recent years and the Indian economy too was not immune to it. Amidst this global uncertainty, the Indian sub -continent has been gradually charting a slightly different path by focusing on the infrastructure led spending and domestic consumption story. By doing this, India had demonstrated itself as one of the few glimmers of hope off late corroborated with the fact Indian economy grew at 7.9% in FY 2015-16, becoming the world’s fastest growing large economy. The International Monetary Fund (IMF), predicts that India would retain this status until 2020.