India's economy to grow faster than China: IMF
NEW DELHI: India will stay ahead of China in growth sweepstakes in 2017 as well as 2018, said the International Monetary Fund (IMF) while retaining the country's GDP forecast at 7.2 per cent for the current fiscal.
According to IMF's World Economic Outlook Update, India's growth is projected to accelerate to 7.7 per cent in 2018-19, from 7.2 per cent forecast for 2017-18.
While the IMF has retained India's growth estimate as provided in the World Economic Outlook (WEO) in April, in the case of China, the forecast has been marginally raised to 6.7 per cent in 2017 and 6.4 per cent in 2018 from earlier projections.
India, however will continue to grow faster than China in 2017 as well as 2018.
Sad news for Modi haters hahah
Ch Prasad Prajapati
Ch Prasad Prajapati - Venkatagiri - 1 day ago
we have to grow well to contain chinks
Nothing to Cherish. Bihar's growth rate is also higher than Maharashtra. Doesn't mean Bihar will surpass Maha. These news are scripted to fool Indians. China is far ahead and India is nowhere near to reaching the development China has had. Let us come to reality.
Sam - 1 day ago
China growing at 6.4 and India growing at 7.2 can't be compared, since China is a 10 trillion $ economy while India has a 2 trillion $ economy, so the economic base is significantly different. To overtake China, India has to grow like 12% for next two decades, India has to go through a full cycle of super growth.
Anuroop - 1 day ago
Watch the BBC documentary '"The great Chinese crash of 2016"... China's days are numbered... lol
Suraj - 1 day ago
growing faster than china isn't important,whats important is we grow fast enough to create the required number of jobs,the economy is growing at 7.3% but job growth is at 1.1%
achan kunju - sunny - 1 day ago
Why one should compare with China .in reality China GDP is5 times more than India.if one compare with quantum China is much much ahead so be contented and satisfied with our achievements
zeist sam - Location - 1 day ago
Bhakts, only GOD can save them from delusion.
China GDP is 12 Trillion whereas India is at 2.5 Trillion. So if China grows even at 6% it would add 720Billion dollar to its economy. India even growing at 8% would add 200Billion dollars. Now you bhakts noticed who needs to be jealous
Nikhil - 1 day ago
Thank you Modi. Honest people support you completely. Atleast you are thinking about the Nation. Next vote again to you. Many people like you and will vote for you.
Nikhil - 1 day ago
We love Modi