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India to surpass China in economic growth
By sally
demographic dividend 人口红利 Optimize the indusBiblioteka Baidurial structure 优化产业结构 Christine Lagarde 克里斯蒂娜· 拉加德(国际货币基金组织(IMF)总裁)
For one thing , India follows china , making reform and opening ,the government made economic growth a top priority . Meanwhile , they have some advantages to development , such as labor force and competitive industries in IT. For another thing, china specially puts economic slowdown to optimize the industrial structure and china gradually is lost in the demographic dividend. However, I strongly believe even India to surpass China in economic growth , India is far from to catch up china .
More than half of India’s 1.25 billion population is below the age of 25, with 12 million Indians entering the workforce every year. By 2030, India is expected to top China as the world’s most populous nation. "The conditions are ripe for India to reap the demographic dividend and become a key engine for global growth,"
India could outpace China as the world’s fastest growing economy as soon as this year, according to International Monetary Fund director Christine Lagarde. Lagarde, who was visiting India last week, said the country’s economy is expected to grow 7.5% in the upcoming 2015-2016 fiscal year, which begins in April, up from 7.2% in the current fiscal year. At that rate, India would be the world’s fastest growing large economy, she added. Late last year, the IMF had predicted that India’s economy would grow by 6.5% in 2016, faster than China’s predicted 6.3% expansion. Estimates have since been revised for Indian gross domestic product. However even with the faster pace of growth, India doesn’t come close to China in terms of raw economic power. China’s economic output totaled more than $10 trillion in 2014, compared with India’s roughly $2 trillion, according to IMF data. Also, predictions don’t necessarily always come true. Still, Lagarde describe India as a "bright spot" in the outlook for global economic growth. "The conditions are ripe for India to reap the demographic dividend and become a key engine for global growth," Lagarde told students at an event organized at a women’s college in New Dehil on March. 16. "It is on the verge of a new chapter, filled with immense promise." Lagarde attributed India’s dynamism to "recent policy reforms and improved business confidence" that provided a "booster shot" for the economy. The pro-business government of Prime Minister Narendra Modi has made economic growth a top priority. In its latest budget, the Modi government announced plans to cut taxes on businesses,
even with the faster pace of growth, India doesn’t come close to China in terms of raw economic power. China’s economic output totaled more than $10 trillion in 2014, compared with India’s roughly $2 trillion, according to IMF data. However India as a "bright spot" in the outlook for global economic growth.
India could outpace China as the world’s fastest growing economy as soon as this year, according to International Monetary Fund(IMF) director Christine Lagarde, who was visiting India last week
By sally
demographic dividend 人口红利 Optimize the indusBiblioteka Baidurial structure 优化产业结构 Christine Lagarde 克里斯蒂娜· 拉加德(国际货币基金组织(IMF)总裁)
For one thing , India follows china , making reform and opening ,the government made economic growth a top priority . Meanwhile , they have some advantages to development , such as labor force and competitive industries in IT. For another thing, china specially puts economic slowdown to optimize the industrial structure and china gradually is lost in the demographic dividend. However, I strongly believe even India to surpass China in economic growth , India is far from to catch up china .
More than half of India’s 1.25 billion population is below the age of 25, with 12 million Indians entering the workforce every year. By 2030, India is expected to top China as the world’s most populous nation. "The conditions are ripe for India to reap the demographic dividend and become a key engine for global growth,"
India could outpace China as the world’s fastest growing economy as soon as this year, according to International Monetary Fund director Christine Lagarde. Lagarde, who was visiting India last week, said the country’s economy is expected to grow 7.5% in the upcoming 2015-2016 fiscal year, which begins in April, up from 7.2% in the current fiscal year. At that rate, India would be the world’s fastest growing large economy, she added. Late last year, the IMF had predicted that India’s economy would grow by 6.5% in 2016, faster than China’s predicted 6.3% expansion. Estimates have since been revised for Indian gross domestic product. However even with the faster pace of growth, India doesn’t come close to China in terms of raw economic power. China’s economic output totaled more than $10 trillion in 2014, compared with India’s roughly $2 trillion, according to IMF data. Also, predictions don’t necessarily always come true. Still, Lagarde describe India as a "bright spot" in the outlook for global economic growth. "The conditions are ripe for India to reap the demographic dividend and become a key engine for global growth," Lagarde told students at an event organized at a women’s college in New Dehil on March. 16. "It is on the verge of a new chapter, filled with immense promise." Lagarde attributed India’s dynamism to "recent policy reforms and improved business confidence" that provided a "booster shot" for the economy. The pro-business government of Prime Minister Narendra Modi has made economic growth a top priority. In its latest budget, the Modi government announced plans to cut taxes on businesses,
even with the faster pace of growth, India doesn’t come close to China in terms of raw economic power. China’s economic output totaled more than $10 trillion in 2014, compared with India’s roughly $2 trillion, according to IMF data. However India as a "bright spot" in the outlook for global economic growth.
India could outpace China as the world’s fastest growing economy as soon as this year, according to International Monetary Fund(IMF) director Christine Lagarde, who was visiting India last week