India's Growth Rate To Surpass China's by 2016: IMF

Author yuvamind

India will overtake china by 2016 in terms of growth. India growth rate of this year is 6.3 per cent and in 2016 it expected to be 6.5 per cent. While China growth rate in 2016 is estimated to be 6.3 per cent. The International Monetary Fund (IMF) said. IMF pointed out new government reforms and their implementation. IMF issued a report on the global economic released on Tuesday that shows, "India ' s growth rate in 2014 was 5.8 per cent, while China ' s growth rate was 7.4 per cent. Earlier , India ' s growth rate in 2013 was 5 per cent and China ' s growth rate was 7.8 per cent. According to report, India ' s growth rate is 6.3 per cent in 2015 and 6.5 per cent in 2016 will be estimated and it will the year when India sped up the growth rate of China by 6.3 per cent. Gian Maria Milesi , deputy director of the research department of IMF said, I think the improvement plans of new prime minister is promising but we need to look the speed of implementation. IMF officer said in response to as question that it is difficult to project the impact of economic reforms on the government headed by Prime Minister Narendra Modi because of the structural reforms and these occur lees gradually than the medium -terms perspective. Miles said, implement on the reforms will be important. According to latest report, India is projected to increase generally unchanged. However, the decline in crude oil prices offset by lower external demand will receive a boost from the trade and industrial policy reforms and in crude oil will encourage dearly.
SUBSCRIBE YUVAMIND NEWSLETTER
COPYRIGHT © 2024 YUVAMIND. ALL RIGHTS RESERVED. THE LOGOS/IMAGES ARE SHOWN ON THIS WEBSITE BELONG TO THE RESPECTIVE OWNERS / PATNERS.
Disclaimer: Yuvamind doesn't provide admission on its own, the website has published the details are based on research OR provided by the second party to help the aspirants, If you find inappropriate contents on this website please tell us, your suggestions shall be highly appreciated.