India’s growth has always been compared the that of China’s. The rapid rate at which China has expanded its economy has been truly commendable, however, India leads China in domestic demand for domestic goods and services. It is this demand that has seen India through one of the roughest recessions ever.
Now, with the economy back on track, India envisions surpassing China’s growth rate. In fact experts have declared that India may be able to achieve this sooner than expected. It is expected that in the next fiscal year, economic growth will be around 9%-10%. The expansion in this year alone is estimated to be greater than 7.5%.
By 2014, India may just be able to surpass the growth of China, making it the largest growing economy. What comes to India’s advantage is the fact that is has got one of the youngest and therefore most productive populations in the whole world.
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