Confederation for British Industry’s latest economic forecast pegs India as fastest growing economy in 2017
Q. Confederation of British Industries has forecast that India will be the fastest growing economy in the G20 by which year?- Published on 16 Nov 15a. 2016
b. 2017
c. 2018
d. 2019
ANSWER: 2017
The latest quarterly economic forecast has predicted India will be the fastest growing economy in G20 by 2017 with a growth rate of 7.6%. Currently, the UK is the single largest G20 investor in India, having made investment of USD 22.2 billion between 2000 and 2015 -9% of all FDI in the country. In total, G20 nations invested USD73.9 billion in India between 2000-2015 with the UK followed by Japan ($18.3 billion), US (USD 13.7billion), Germany (USD 7.6 billion) and France (USD 4.5 billion). UK companies are the largest employers of Indians.
