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India to Overtake China as fastest Growing Large Economy, Says IMF

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ndia to Overtake China as fastest Growing Large Economy, Says IMF
Here is the opening of this interesting report, published by The Telegraph: India will overtake China this year to become the fastest growing large economy in the world, the head of the International Monetary Fund said on Monday.
Christine Lagarde 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.
Ms Lagarde said Indian gross domestic product (GDP) would be larger than Japan and Germany combined by the end of the decade under a measure that takes into account buying power in each country - known as purchasing power parity.
"A brighter future is being forged right before your eyes," she said on Monday. "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."


India to Overtake China as fastest Growing Large Economy, Says IMF
 
I think Indian media needs to takes a chill break as regards predictions. Unfortunately, like kundalis, Indians love future predictions- so these are likely to continue.
 
ndia to Overtake China as fastest Growing Large Economy, Says IMF
Here is the opening of this interesting report, published by The Telegraph: India will overtake China this year to become the fastest growing large economy in the world, the head of the International Monetary Fund said on Monday.
Christine Lagarde 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.
Ms Lagarde said Indian gross domestic product (GDP) would be larger than Japan and Germany combined by the end of the decade under a measure that takes into account buying power in each country - known as purchasing power parity.
"A brighter future is being forged right before your eyes," she said on Monday. "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."


India to Overtake China as fastest Growing Large Economy, Says IMF
Congratulations to shining India.
 
Oh!
Somehow I have stopped believing in this news.
I know China's economy is slowing down, but I think IMF should just stop predicting things for us now.
We might just overtake China by the financial year 2015-16 ( ie. next year). But it's hardly gonna make any difference if this growth is not sustained for at-least 2 decades. China even with a modest 6 % growth rate can add an India every 4 years to it's nominal GDP.
 
We might just overtake China by the financial year 2015-16 ( ie. next year). But it's hardly gonna make any difference if this growth is not sustained for at-least 2 decades. China even with a modest 6 % growth rate can add an India every 4 years to it's nominal GDP.
I don't understand economics...the GDP and how its calculated is a debatable issue.
I dont care about the percentage by which India grows but it should grow. Thats what matters. Right? :)
 
It would be nice to no longer be the fastest growing major economy in the world. That would give us some breathing room to finish our economic transition in peace, and attain a much more sustainable model of economic growth.

Now India will see what we got, constant negative press from the Western media. They have been declaring that "China will collapse!" for the past 30 years.

Let them sing a new tune for once. :enjoy:
 
Don't believe in such predictions.... These predictions are bit exaggerated while we have a huge amount of work to do to achieve such milestone ....
Modi gov has not kick started structural reforms though its too early to expect such changes in Indian scenario.....
Talk less work more .....
 
Now India will see what we got, constant negative press from the Western media. They have been declaring that "China will collapse!" for the past 30 years.
How mean!!!! :tsk:

Btw I think India is already at the receiving end of negative press. :rolleyes:
The articles about moral flaw(in India) and which shows medical tourism in a bad light is common these days.
 
Christine Lagard - the Finance Minister of France who couldn't see the crisis of 2008 coming until it started.
 
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