India growth to overtake China's this year

The World Bank on Thursday projected India to be the fastest growing major economy in the world this calendar year, with economic expansion pegged at 7.4 per cent, overtaking China’s 7.1 per cent for the first time Astrology & Numberology books

India’s economy grew 7.1 per cent in 2014, when China’s, which is deliberately moderating its growth, expanded 7.4 per cent.

“India is, for the first time, leading the World Bank’s growth chart of major economies,” said Kaushik Basu, chief economist and senior vice-president at the global institution at the issue of the latest ‘Global Economic Prospects’ report in Washington. In the January-March quarter, India’s economy expanded 7.5 per cent and China’s by seven per cent 
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Some small economies would grow faster than India’s. For instance, the Bank forecast Turkmenistan to grow eight per cent in 2015 and Uzbekistan by 7.6 per cent Intraday Trading Tips

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However, the Bank does not seem as optimistic as the government. It pegged India’s economy to grow by 7.5 per cent in 2015-16, slightly higher than the 7.3 per cent in 2014-15 but way down from the Union Budget assumption of 8.5 per cent. India’s economy was not forecast to reach 8.5 per cent even in 2017-18. The government’s Economic Survey had projected the economy to expand 8.1-8.5 per cent in 2015-16. The Bank projected 7.9 per cent growth in 2016-17 and eight per cent in 2017-18 Commodity Trading Tips