India’s economy is projected to grow at 7.6 per cent in 2017 as investment regains momentum and manufacturing base strengthens on the back of structural reforms in the country, a UN study said, crediting India and China for steady growth of the Asia-Pacific region.

• “India’s economy is projected to sustain a 7.6 per cent growth rate in both fiscal years 2016-17 and 2017-18,” according to the year-end update of the flagship report Economic and Social Survey for Asia and the Pacific 2016 of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).

• The report said India’s economic growth is expected to remain at 7.6 per cent in 2017 as investment regains momentum and the manufacturing base strengthens on the back of structural reforms.
• The report credited India and China as being the anchors of a high and steady growth of the Asia-Pacific region at a time when developed economies were struggling to sustain high growth rates.

United Nations Economic and Social Commission for Asia and the Pacific:

The Economic and Social Commission for Asia and the Pacific , located in the United Nations Building in Rajadamnern Nok Avenue in Bangkok, Thailand, is one of the five regional commissions of the United Nations Economic and Social Council,under the administrative direction of the United Nations headquarters.
It was established in 1947 (then as the UN Economic Commission for Asia and the Far East, ECAFE) to encourage economic cooperation among its member states.