Year by 2016, India’s economic growth will exceed the growth rate of China. International Monetary Fund (IMF) said that India’s growth rate this year is 6.5 per cent. However, he said that the new Government Reform quite promising, “but to implement it is more prominent.
The report released by the IMF’s World Economic growth rate of India in 2014 to 5.8 per cent, while China has recorded a growth rate of 7.4 percent. In addition, India’s growth rate of five per cent in 2013 to 7.8 per cent in China.
The IMF said that the year 2015, India’s growth rate is expected to be 6.3 per cent and 6.5 per cent in 2016. However, if China’s growth rate is 6.3 per cent. Deputy Director of the Research Department IFM, “I believe that the new prime minister Reform Plan are quite optimistic. Now we have to see how fast it will be applied.
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