“As the figures show, the outlook for India’s economy remains optimistic. It has been less impacted by the slowdown of China than other emerging markets but it must ensure that internal structural reform continues at a brisk pace.
“Given a limited scope for incremental rate cuts in the short run, India will have to continue to focus on de-clogging credit channels and keeping inflation in control to further growth.
“Assuming that India is able to perform against this backdrop, we believe the economy has the ability to outperform any other emerging market in 2016. We are confident that the Indian credit market, increasingly opening up to international investors, is at an exciting stage of growth.”