Indian Economy to Grow at 7.5%, Outpace China: IMF
Washington: India will overtake
China as the fastest growing emerging economy in 2015-16 by clocking a
growth rate of 7.5 per cent on back of recent policy initiatives,
pick-up in investments and lower oil prices, International Monetary Fund
(IMF) said today.
While India's growth rate is expected to improve from 7.2 per cent in last fiscal to 7.5 per cent this year and next fiscal, China will witness a deceleration with growth rate sliding from 7.4 per cent in 2014 to 6.8 per cent in 2015 and 6.3 per cent a year after.
While India's growth rate is expected to improve from 7.2 per cent in last fiscal to 7.5 per cent this year and next fiscal, China will witness a deceleration with growth rate sliding from 7.4 per cent in 2014 to 6.8 per cent in 2015 and 6.3 per cent a year after.
