NEW DELHI: India will be a "star performer" among emerging market economies and is expected to clock 7.7 per cent growth in 2016, outshining China for the second consecutive year, a PwC report says.
According to the global consultancy firm, of the emerging economies, only India is expected to grow faster in 2016 than its long-term average growth rate.
Among the seven emerging economies (China, India, Brazil, Mexico, Russia, Indonesia and Turkey), India will be a "star performer", while the Brazilian and Russian economies will contract and China will slow down, the report said.
India is a star performer as compared to other emerging markets
It has to be noted that China is a multi trillion dollar economy and 6.5 percent growth is still a massive number in $s, whereas India is only a trillion $ economy, hence we can never match their growth in dollars. Also for the developed world, lower interest rate has no impact as they have social security benefits. In India, more than 90 percent old age and 100 percent jobless youth live on interest from their or parents savings.
The economy is slated to grow despite all efforts by Congress to see it getting derailed.
The Indian economy has way to go and it is appreciated that we lead the G7 economy.
Jack from bizbilla b2b portal
I saw some opposition party saying our economy is collapsed now media reports this news.
Yes we can all patriotic Indians should proudly join hands to make this happen
China is miles ahead of india in terms of infrastructure-transport and other standards. Living standard in China is comparable to the west.
But India is a world leader in our politicians living standards.10th fail ho ya iitian- these netas are all the same.
It won't matter unless this translates into facilitating the poorest section. Basic necessities are fulfilled. China is far far ahead, we need to grow by this rate for many many years to reach their quality of life
Great going India...keep it up. Very soon we will dominate the World