The World Bank has recently projected that India will grow by a 7.8 percent in 2016 and 7.9 percent in the coming two years.
According to World Bank predictions India will replace China and will become fastest growing economy in the next 3 years.
With the fall in the prices of oil India remains the bright spot of the global economy as Chinese growth is slow. World Bank has estimated that China has grown at 6.9 percent in 2015. Meanwhile, Russia and Brazil are projected to remain in recession in 2016.