World Bank- India Ahead Of China
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World Bank has predicted that India’s growth rate could be 7.3% in the year 2018. It also projects that it can touch 7.5% mark in two years’ time.According to the 2018 Global Economic Prospect of World Bank, India is expected to reach higher growth rate when compared to other emerging economies in the next 10 years regardless of initial setbacks like Demonetization and GST (Goods & Services Tax).
It says that India has enormous potential looking at the larger picture of the economy.World Bank says, ‘India is going to gradually accelerate, contrary to China which is going slow.’
According to the reports, China’s growth rate is at 6.8% for the year 2017, just 0.1% more than that of India. While in the year 2018, the growth rate of China is going to be 6.4%. In the coming years, its growth rate would fall down to 6.3% and 6.2% respectively.
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