The year India overtakes China

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The year India overtakes China. India will overtake China this year to become the fastest growing large economy in the world. Christine Lagarde, head of the International Monetary Fund, described India as the bright spot in a cloudy global horizon, as she said the country's young population and progress on structural reforms would help the economy to fly in the coming years. Last week, the IMF said changes this year to the way Indian growth is calculated meant the country was on course to grow by 7.2pc in the coming fiscal year, and 7.5pc in 2016. A brighter future is being forged right before your eyes. By 2019, the economy will more than double in size compared to 2009. When adjusting for differences in purchase prices between economies, India's GDP will exceed that of Japan and Germany combined. Indian output will also exceed the combined output of the three next largest emerging market economies - Russia, Brazil, and Indonesia. So clearly India's weight among the group of emerging markets will increase. Read the full article: (VIEW LINK)


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