India Growth to Stay at 7.1%

India’s growth is expected to largely remain unchanged at 7.1% in the coming year and will rise sharply to 7.7% in 2018, says a report, NDTV reported. According to the Japanese brokerage firm, Nomura, though some of the reform initiatives taken by the government will hurt growth in the near term, they are laying the ground for a faster growth rebound in 2018. “We expect growth to be largely unchanged at 7.1% in 2017, but to rise sharply to 7.7% in 2018,” Nomura said in a research note.