India is shining star of global economy: S&P Chief Economist

During an interview, S&P Global Ratings Chief Economist Paul Gruenwald said that "India is the shining star of the global economy right now". "In a world where almost everyone is slowing down, India will be posting 7+% growth this fiscal year and 6.5% for...next year," Gruenwald said. He, however, added, "India...[has] to be cognisant of what...US Federal Reserve is doing."