India's gross-value added growth to hit 7.6% this year: DBS

India's gross value added growth is expected to reach 7.6 per cent this year from 7.2 per cent last year. While private sector activity remains subdued, high frequency fiscal numbers point to sustained support from public capex spending, a report by global financial services major, DBS said.

According to DBS, after an



upside surprise from China, India manufacturing Purchasing Managers' Index, PMIs also jumped in October, affirming signs of a cyclical upturn in the region.Regarding inflation, the report said that price pressures meanwhile are under watch with the headroom for monetary easing likely to narrow going into next year.