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India’s economy is set to grow faster than China’s

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The International Monetary Fund (IMF) has said India should grow at 7.3% in 2018-2019, up from 6.7% last year but lower than its earlier projection earlier this year.

In April, IMF had projected India’s growth rate to be at 7.4%, which it has now revised down given the recent increase in global oil prices and tightening global financial conditions, IMF has said in its World Economic Outlook report.

For 2019-20, India’s growth is projected to be at about 7.4%, on the back of the rebound from the shocks of demonetisation and the goods and services tax (GST), and improving private consumption and investment climate.

In comparison, China is expected to grow at 6.6% in 2018 and 6.2% in 2019. China’s growth projections have been lowered in part due to the impact of US tariffs hitting Chinese exports and slowing external demand growth and financial regulatory tightening, according to the report. China was the fastest growing economy in the world in 2017. https://www.weforum.org/agenda/2018/10/indias-economy-is-set-to-grow-faster-than-chinas-this-year/
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michael-rabonza
michael-rabonza followed this discussion
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With that said, the recent hike in oil prices and weakening rupee is expected to affect India’s inflation numbers, according to IMF, which has called for a tighter monetary policy.

IMF has warned that India’s inflation rate is expected to increase to 4.7% in 2018-19 compared to 4.5% in 2016-17 because of rising fuel prices and accelerating demand.
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Do you believe this is a realistic projection?
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clever.balok
clever.balok followed this discussion
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Good if that happens. Will stop the infiltration
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When Indian were building cities , honing science and technology, the Europeans were roaming naked in the jungle . Good to see a full circle.
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If someone says Britain is giving India some money then please check the size of Indian economy, it's the sixth largest economy, $2.6 trillions
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Like they say... China was running a sprint... While India is running a marathon.
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eliane.bergantin, lorans.lorans, adam.adam.6 and 7 other people started following this discussion
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Their economy grows fast I wish they would improve their society as well... Unfortunately they have many issues...
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Good. Hopefully something good will come out of it for the federal democratic Republic of Nepal.
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I foresee that it will definitely happen. Though I'm scared it will make India a machine force, and will be instead a bit trouble for the people living in, but that's common result of industrialization. Every country every nation would want to work with India, travel to India, and import from India.

India had and have the resources, talent, young minds, innovative culture since history, etc. Everything that's needed.

India is at a stage where it is starting to fire the fuel it has. And you'd see that India would be changing at a very very fast pace from now.
4 mths
yogi.setiawan, cyndi.claunch, dudunk.azmie and 7 other people started following this discussion
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No way. Even if India holds on to the 7% growth rate over the next 12 years - which is a big challenge in itself - the best it could do is reach a GDP of $4.5 trillion. China is already a $11 trillion economy.
4 mths
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No way. Even if India holds on to the 7% growth rate over the next 12 years - which is a big challenge in itself - the best it could do is reach a GDP of $4.5 trillion. China is already a $11 trillion economy.
I agree. Even in 2030 India GDP will be less than the size of China’s 2017 GDP. And in the next 13 years of course Chinese economy will also expand rapidly. In fact the gap will only widen.
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