原文标题：India to grow faster than China in 2013
Bolstered by industrialisation, India is projected to grow at a faster clip than neighbouring China with a 9 per cent economic expansion in 2013, says a report by global consultancy firm Ernst & Young.
It cautioned, however, that India needs to tackle rising inflation and said the country's growth this year would be 7.2 per cent, much lower than 8.2 per cent recorded last year.
India's growth rate would rise to 8 per cent next year, according to the report.
"The forecast pegs India's real GDP growth rate to be the highest among all the Rapid Growth Markets (RGMs) starting in CY 2013, when the economy is expected to growth 9.5 per cent, followed by China at 9 per cent," it said.
In 2014, India is expected to see an expansion of 9 per cent while Chinese would see a growth of 8.6 per cent.
The RGMs Forecast focuses on 25 nations -- including India, China, Brazil and Russia -- that display strong growth potential and are, or could be, strategically important for business.
India and China's would be able to better withstand a likely slowdown mainly on account of large size of their domestic markets as well as from beneficial effects of lower oil and commodity prices, E&Y said.
It pointed out that even though the overall outlook for India is positive, the country would need to address rising inflation.
Headline inflation, which has been hovering above the 9 per cent mark since December 2010, stood at 9.72 per cent in September.
"... provided India's inflation does start to fall back by the end of this year and the US and EU economies do not slip back into recession, the soft patch for Indian growth should be relatively short-lived," the report noted.
E&Y said that once inflation is in check and interest rates are no longer rising, consumers would be more willing to spend.
This would support a general improvement in business environment, resulting in steady acceleration in growth next year.
"India enjoys an advantage in its high savings and investment rates, currently a third of the GDP; relatively low GDP per capita on purchasing power parity giving significant potential for growth and continuing industrialisation and urbanisation," the report said.
E&Y India's Partner & India Markets Leader Farokh Balsara noted that India's consumption-led economy continues to make the country a highly attractive investment destination in the short to medium term.
永华在印度的合作伙伴和印度市场的领导者—— Farokh Balsara指出，从中短期来看，印度消费主导的经济仍会使该国成为一个具有高吸引力的投资目的地。
India and China still long way to go.
by Loga (View MyPage) on Oct 30, 2011 08:40 PM | Hide replies
At present India has 40% poor and China has 20% poor people and China is world 2nd largest Economy 10.1 trillion and India is world 3rd largest Economy 4.3 trillion still long way to go.
grow mean costly.
by Rajesh Kumar (View MyPage) on Oct 29, 2011 11:56 PM
GROWTH IN INDIA MEANS EVERYTHING GOING TO BE COSTLY.
WE ARE ECONOMICALLY GROWING WHEN COST OF EVERTHING GOES UP.
CHEER UP GUYS. WE ARE GROWING.
OUR CHILDREN WILL BE BEGGERS.
SO JUST CELEBERATE YOUR CHILD'S LUCK AS A BEGGER.
India to grow faster than China in .......
by k singh (View MyPage) on Oct 26, 2011 07:54 PM | Hide replies
Wright (I wish that happens sooner than 2013)
The question is....
India to grow faster than China ....economically or in population?
Re: India to grow faster than China in .......
by Raghava Lakhotia (View MyPage) on Oct 29, 2011 11:01 PM
FYI our population growth rate is already higher than China
The car assembling line
by Sonderaj (View MyPage) on Oct 26, 2011 07:27 PM | Hide replies
Is it just me or do you guys see our car assembling lines looks more like a old free market with nets and stools.
This is bull$hit!
by JGN (View MyPage) on Oct 26, 2011 05:53 PM | Hide replies
Nepal was Hindu Rashtra and it remains still the poorest country of the world. How can a predominantly Hindu country like India ever come out of clutches of poverty?
Re: This is bull$hit!
by Zero h (View MyPage) on Oct 26, 2011 06:02 PM
Nepal do not have any natural resources..it is landlocked country...and political unrest by Maoist with support from China...lot of reasons...
Re: Re: This is bull$hit!
by JGN (View MyPage) on Oct 26, 2011 07:02 PM
what natural resources does Japan have?
Re: Re: Re: This is bull$hit!
by Zero h (View MyPage) on Oct 26, 2011 07:07 PM
not sure...but they do not have any political issues or not landlocked!
Re: Re: Re: Re: This is bull$hit!
by JGN (View MyPage) on Oct 26, 2011 10:17 PM
OK, what about land locked Switzerland?
India will surely grow faster than China with help of Dr. Singh
by Srinath Reddy (View MyPage) on Oct 26, 2011 04:45 PM
India's growth is largely due to the policies adopted by Dr. Singh and his government. The whole world appreciates and respects him as a great leader. India will surely surpass chinese growth if he will be our Prime Minister for atleast 2 more terms.
India to grow faster than China in 2013
by varadarajulu a (View MyPage) on Oct 26, 2011 01:31 PM | Hide replies
I visited China 11 times on academic work. I am strongly of the opinion that definetely India grows faster than China shortly and remains so for a long time. To my personal observation, now China is spending huge amounts to modernise their cities (some of the cities are on par with those of N.America). But it is pathetic that their rural areas are totally neglected. China wants to impress the outside world by their urban growth. But the village life is very pathetic without proper roads, sanitation, medical aid etc. Further, agriculture is neglected now. There are no subsidies and the cost of growing is escalating without any Government assistance.
Many of the farmers are migrating to cities in search of jobs in industries. As a result, the cost of food items has grown enormously recently and the inflation is escalating to new heights. Many of the villages are without men folk as they work in industries and come to their villages occassionally. Now the agriculture is looked after by the womenfolk. In that way, we are better and still we have strong agriculture output. Drign the last 5 years, the situation in China changed drastically due to rapid industrialisation. Further, they are spending huge amounts on modernising Railway stations even though in some places very few people use Railway service. It is astonishing to see some of their Railway stations on par with our Airports! But our villges are far better than theirs. I am sure India surpasses China very soon.
Re: India to grow faster than China in 2013
by proundindian (View MyPage) on Oct 26, 2011 07:16 PM
I totally agree with you!our villages are far better than theirs.villages in china are even poorer than those in africa.
Re: India to grow faster than China in 2013
by Sonderaj (View MyPage) on Oct 26, 2011 07:30 PM
Based on your descriptions, you have never gone out of India in your life.
by larry hoafer (View MyPage) on Oct 26, 2011 01:16 PM
i hope it comes true but looks like an oasis in desert.
Talk about present not future
by Ramesh Dodani (View MyPage) on Oct 26, 2011 10:32 AM
China has already accumlated huge $3trillion mainly thru trade & now lending money to USA
Its nake no difference now if their economy grows by 10% or 8%
They still are getting 3/4 times more FDI then
India which shows more faith in china
China has money power which india lacks
yes we will do it
by Jyoti Kumar (View MyPage) on Oct 26, 2011 12:14 AM | Hide replies
Yes, at that time, India will get ahead of China in the manufacturing of population.
Re: yes we will do it
by New Jersey (View MyPage) on Oct 26, 2011 07:11 AM
yes India will go ahead of china with getting more beggars and illiterate people in the country.
Re: yes we will do it
by nandkumar misal (View MyPage) on Oct 26, 2011 10:49 AM
We are dreaming, no proper policy in place, industries dying, major imports from china, people dying to buy chinese goods, how will indian economy grow.
by shiva (View MyPage) on Oct 25, 2011 08:40 PM
These people have no worthwhile jobs! Do these make any sense when uncertainty is the only certainty and we are surrounded by enemies both within and without? China has none!
What is the size of Economies and Size of Foreign reserves ?
by anand kulkarni (View MyPage) on Oct 25, 2011 07:50 PM | Hide replies
Crazy ...Rediff might come with an article one day saying "India today produced less new beggars than china" - so india is better than China ....
Grow up guys...Cant win a medal at olympics,Cant design a good
international product, With 10 times larger forign reserves china is way ahed of india..
way ahead...Its good to optimist but its best to be a realist..
Re: What is the size of Economies and Size of Foreign reserves ?
by Saket Gadkari (View MyPage) on Oct 26, 2011 12:10 AM
Also, there is a severe dearth of benefit amenities such as power, water, good infrastructure, roads, clean public toilets and many such things. What's the use of this growing economy? The only thing that seems to be growing in India is corruption, selfishness and false sense of pride...
India is already world 3rd largest Economy in 2011 after USA and
by Loga (View MyPage) on Oct 25, 2011 07:28 PM | Hide replies
India is already world 3rd largest Economy in 2011 after USA and China but what is the use 40% of populiation is still poor.
Re: India is already world 3rd largest Economy in 2011 after USA
by Das (View MyPage) on Oct 26, 2011 12:16 AM
"3rd" largest economy means nothing. The fact it its per capita income is on par with and in some cases worse than the poorest of the poor. Chinese economy is over three times larger, and China itself is not yet even a middle income nation.
correct the fact 2014
by yugapurush (View MyPage) on Oct 25, 2011 07:15 PM
In 2014 general election congress will go for ever then we can expect growth. Now only their ministers and leaders growing with loot
The game of tenses!!!
by kush chatterjee (View MyPage) on Oct 25, 2011 07:04 PM | Hide replies
Why it is that India is always better than the rest of the world in future "indefinite" and in the long forgotten "hazy" past?
Come on we cannot grow;;;
by Anand (View MyPage) on Oct 25, 2011 06:52 PM
In 2013 its still would be congress rule;
Our great leaders have already told us that Congress in last 60 years have made this country very backword; and I trust them; so growth is only on paper there is actually no growth;
India was actually shining in 2004 but unfortunately the uneducated, poor people of rural India didnt knew the meaning of India shining;
With the interest touching sky
by Maximum (View MyPage) on Oct 25, 2011 06:46 PM
I say author is Very optimistic
Will the progress would be on paper only??