China’s GDP growth rate was 7.4% in 2014 and while this is nothing to scoff at, the world’s second-largest economy expanded at its slowest pace in 24 years. Experts say the economy will further decelerate in 2015. Meanwhile, India elected a new government in 2014 whose aggressive message is that it is working towards an economic revival. In an extremely challenging global economic environment, whether India can catch up with China’s growth rate and overtake it, as the World Bank forecasts, will depend on many factors. An early indication of that will be in the Modi government’s budget that will be presented in end February.
from Forbes - Business http://www.forbes.com/sites/saritharai/2015/01/22/as-chinas-growth-loses-speed-all-eyes-on-upcoming-india-budget/
from Forbes - Business http://www.forbes.com/sites/saritharai/2015/01/22/as-chinas-growth-loses-speed-all-eyes-on-upcoming-india-budget/
