Good for India. Rock on.
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India is set to decisively outpace China in economic growth this year, and emerge not just as the fastest-expanding economy but also as just a handful of countries to show some acceleration, as per the latest report of the International Monetary Fund (IMF).
The fund, in an update released here on Thursday, has projected India's growth at 7.5 percent this year , against 6.8 percent for China. While the growth outlook on India for 2016 has been retained at 7.5 percent, that for China is pegged 50 basis points lower at 6.3 percent.
"Global growth is projected at 3.3 percent in 2015, marginally lower than in 2014, with a gradual pickup in advanced economies and a slowdown in emerging market and developing economies. In 2016, growth is expected to strengthen to 3.8 percent," said the IMF update on World Economic Outlook.
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India to outclass China in growth this year IMF India News - India Today
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India is set to decisively outpace China in economic growth this year, and emerge not just as the fastest-expanding economy but also as just a handful of countries to show some acceleration, as per the latest report of the International Monetary Fund (IMF).
The fund, in an update released here on Thursday, has projected India's growth at 7.5 percent this year , against 6.8 percent for China. While the growth outlook on India for 2016 has been retained at 7.5 percent, that for China is pegged 50 basis points lower at 6.3 percent.
"Global growth is projected at 3.3 percent in 2015, marginally lower than in 2014, with a gradual pickup in advanced economies and a slowdown in emerging market and developing economies. In 2016, growth is expected to strengthen to 3.8 percent," said the IMF update on World Economic Outlook.
...
India to outclass China in growth this year IMF India News - India Today
