Asia Pacific: Economic overview

October 2016

India’s economic growth is expected to continue this year and next.

India’s economy is expected to grow by 7.6% this year and the same amount in 2017, marking three years of stable expansion. An improving trade balance and favourable policies are supporting the outlook for growth through 2017. In turn, strong growth is expected to support rising energy demand and increases in gas consumption over the rest of this year. Indian gas demand grew by roughly 11% year on year in August and is expected to continue to expand over the coming months.