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Firstpost is an Indian blog site.
Obviously Indians are going to beg other people to "bet on India", but as it turns out everyone is downgrading India, soon to junk.
And also, this.
IMF cuts India growth forecast to 4.9% - The Times of India
Good luck to India then.
If India's growth rate rockets ahead of China's due to its bold reforms then the Indian model of development is vindicated.
Maybe China could take a leaf out of India's book then. We'll see.
It was only last summer that the Indian government forecast that the economy would grow at an annual rate of 9.0% to 9.5% for the next half-decade.
So it came as a shock Thursday when new data revealed the economy slowed to a 5.3% annual clip in the January-March quarter.
only if the bet is the Indian population excceds China's I will bet on India```others nothing I can think of any fields within foreseeable time India can rival China ``
LOL, at a 4.9% growth rate, India will be lucky to even reach 10% of all their glorious "predictions" in the past few years, all based on the assumption of India's growth increasing to double-digits.
China's economic growth slows to its lowest rate in more than three years | Mail Online
how will you explain that???...your have slowed down too....
Please calculate 7.5% of $7.3 trillion (China).
Then calculate 4.9% of $1.5 trillion (India).
What is the difference?