India to surprise again in 2015: Citi

New Delhi:  India has “really surprised” in 2014 and it might do so again next year as the country’s GDP figure is expected to pick-up from 5.6 per cent in the current fiscal to 7 per cent in 2016-17, a Citigroup report says.  “We believe India could make material strides in reforming the ‘factors of production’ in 2015 – land, labour, capital and enterprise. Faster than anticipated progress on these fronts could result in upsides to our FY16 GDP estimate of 6.5 per cent.  “Investment and consumption resulting in growth pick-up from 5.6 per cent in FY15 to 7 per cent in FY17,” Citigroup said in a research note, adding that “reform momentum could accelerate the pace”.