27524
India to Grow Faster Than China
World Economy

India to Grow Faster Than China

India’s growth rate is set to further outstrip China’s in 2016 with the gap between the two economies expected to widen to over 1%, a new report from the International Monetary Fund stated. IMF’s latest World Economic Outlook report projects that India will grow at a rate of 7.5% while China’s economic growth will further drop to 6.3% next year from this year’s 6.8%. The South Asian nation’s economy, the report says, will “benefit from recent policy reforms, a consequent pickup in investment, and lower commodity prices.” The latest figures come soon after other recent economic surveys placed India in a highly favorable economic position, with a report from the Financial Times revealing it had surpassed both China and the US as the world’s top destination for greenfield foreign investment, and a simultaneous 16-place jump in the World Economic Forum’s global rankings for competitiveness.

 

Short URL : https://goo.gl/4fNHyp
  1. https://goo.gl/Esb6kw
  • https://goo.gl/wRJPct
  • https://goo.gl/9LGQSh
  • https://goo.gl/ejccL8
  • https://goo.gl/9lftT1

You can also read ...

According to the new regulations, Cubans will be able to hold only one business license.
The Cuban government has said it wants more foreign investment...
The lira has lost around 45% of its value against the US currency this year, largely over worries about Erdogan’s influence over the economy
Turkey’s central bank on Monday announced it was ready to take...
Trump’s No-Win Trade War
President Donald Trump’s trade war may be fated to fail, for...
World Stocks, Currencies Plummet
World markets shuddered on Monday, as Turkey’s worsening...
Amado Boudou (R) attends his trial on corruption charges  in Buenos Aires on August 7.
Records kept in notebooks of the kinds used by schoolchildren...
China Printing Foreign Money
China is printing more foreign money as it seeks to expand its...
(P)GCC Banks  Face Business Risks
A number of (Persian) Gulf Cooperation Council banks that have...
Singapore Warns Trade Tensions May Lower H2 Growth
Singapore authorities warned of slower economic growth in the...

Trending

Googleplus