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India new pole of global growth, surpasses China: Harvard study

The Dollar Business Bureau India has emerged as the leader in economic growth on the world stage, surpassing its neighbour China and is likely to keep its lead in the next 10 years, according to a latest study by Harvard University. India will come on top of the fastest growing economies list till 2025 with an average yearly growth of 7.7%, for a range of reasons, according to the growth projections by Center for International Development (CID) of Harvard University. “The economic pole of global growth has moved over the past few years from China to neighbouring India, where it is likely to stay over the coming decade,” suggested the study by CID. The rapid growth prospects of India is attributed to the fact ...

India projected to be fastest growing economy over next 10 yrs

Source: PTI India will continue to be the fastest growing economy in the world in 2016 and 2017, projected to grow by 7.3% next year and 7.5% the year   India, with a projected annual growth rate of 7%, has the potential to be the world's fastest growing economy over the coming decade, surging ahead of its South Asian economic rival China that will continue to see a slowdown, Harvard researchers said in new forecast. "India has the potential to be the fastest growing economy over the coming decade... India tops the global list for predicted annual growth rate for the coming decade, at 7.0%," new growth projections presented by researchers at the Centre for International Development (CID) at Harvard University showed. ...