Asiana21

WILL INDIA BE THE WORLD'S FASTEST GROWING ECONOMY?

MyNews.in, June 7, 2010

The India growth story is enviable. Despite plaguing problems, India has emerged stronger and resilient to the global crisis so far.

India is expected to be the world's fastest growing economy by 2018, according to Economist Intelligence Unit (EIU), the research arm of the Economist magazine.

India, the second largest growing economy will overtake China as the fastest growing major economy with an average of eight per cent in the next five years, the report stated earlier this year. China witnessed 11.9 per cent growth in the same quarter.

There is much to cheer for India's economy as it grew at its fastest pace in six months in the quarter through March 2010, propelled by government and consumer spending.

Indian economy has been one of the least affected by the global crisis. "In fact, India is one of the growth engines, along with China, in facilitating faster turnaround of the global economy. Risks, however, remain," the Economic Survey said in February this year.

(...) [artículo aquí]