India grew fastest among major economies worldwide at over 7.5 per cent in 2016 and will continue to drive global growth in 2017 with its share in the world GDP expected to rise to 17 per cent. Asia will remain the fastest growing region of the world, but the spotlight will shift away from China to India and Indonesia. Indonesia is set to become the world’s 16th trillion dollar economy. As per the projections Chinese growth to remain at around the 6 per cent mark.Other key predictions for this year include that the US would drive growth in the G7; Core Eurozone employment to hit all-time high but ‘peripheral’ economies will create more jobs; while population growth is likely to put pressure on Gulf countries to reform public finances.

(Financial Express)