Chillin' out till it needs to be funded
While Japan battles the downward pressure from the dollar and the US indicates Bernanke going for another round of “QE” Quantitative asing” , around here in India and China discussions, the moot point has come. Willit be India or China indeed!
India will soon start to outpace China, thanks to a young and growing workforce and its “much-derided democracy” says The Economist.
The cover story on “How India’s growth will outpace China’s” in its latest issue attributes “India’s surprising economic miracle” largely to its private sector saying, “the country’s state may be weak, but its private companies are strong.”
Despite the poor headlines generated in the run up to the Commonwealth games, “India is doing rather well,” the internationally regarded magazine said noting, “Its economy is expected to expand by 8.5 percent this year.”
“It has a long way to go before it is as rich as China – the Chinese economy is four times bigger- but its growth rate could overtake China’s by 2013, if not before.
Read more: India will soon start to outpace China: Economist – The Times of India http://timesofindia.indiatimes.com/business/india-business/India-will-soon-start-to-outpace-China-Economist/articleshow/6689962.cms#ixzz11VLuCqy9