Begin typing your search above and press return to search.
China ahead of India after Note Ban
By: Tupaki Desk | 17 Jan 2017 6:23 AM GMT
India was supposed to achieve a Growth Rate of 7.6 percent in 2016. However, It fell short of the expectations by a huge margin due to demonetisation and managed to garner only 6.6 percent growth. Subsequently, India lost the fastest growing economy tag when it comes emerging market.
China has surpassed India with a growth rate of 6.7 percent in 2016. But, The Chinese economy is expected to decline by 0.2 percent in 2017.
Whereas, Indian economy would revive in the financial year 2017-18 and expected to achieve a growth rate of 7.7 percent.
As per IMF's World Economic Outlook (WEO), The Global Growth is around 3.1 percent last year.
China has surpassed India with a growth rate of 6.7 percent in 2016. But, The Chinese economy is expected to decline by 0.2 percent in 2017.
Whereas, Indian economy would revive in the financial year 2017-18 and expected to achieve a growth rate of 7.7 percent.
As per IMF's World Economic Outlook (WEO), The Global Growth is around 3.1 percent last year.
