India’s gross-value added growth to hit 7.6% this yr: DBS

India’s gross-value increased growth is expected to quicken to 7.6% this year from 7.2% in 2015-16, driven by sustained support from public capex spending was reported by DBS. According to the global financial services major, while private sector activity remains depressed, high frequency fiscal numbers point to sustained support from public capex spending. The upcoming seasonal festive boost should provide some

relief, followed by better consumption on wage increases and a normal monsoon.

DBS Bank Ltd :

♦ DBS Bank Ltd is a Singaporean multinational banking and financial services corporation India's gross-value added growth to hit 7.6% this yr: DBSheadquartered in Marina Bay, Singapore. The company was known as The Development Bank of Singapore Limited, before the present name was adopted in July 2003 to reflect its changing role as a regional bank.

♦ Founded:1968.

♦ Headquarters: Singapore.

♦ Chairman: Peter Seah Lim Huat.