India to Outpace China by 2013
By siliconindia   |   Tuesday, 25 October 2011, 23:39 IST   |    11 Comments
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Bangalore: In 2013, India is forecasted to grow faster than China. The two Asian powerhouses will also be among the least affected in the 25 rapid growth markets in case of a deterioration of the Euro zone debt crisis, says an Ernst & Young study. The first Rapid Growth Markets (RGM) forecast released refers to India's and China's capability to endure a likely slowdown in their large domestic markets and the beneficial effects of lower oil and commodity prices. The report predicts India's real Gross Domestic Product (GDP) growth rate to be the highest among RGMs as its economy is expected to grow at 9.5 percent in 2013, followed by China at 9 percent. In 2014, India is expected to grow at 9 percent and China at 8.6 percent. However, in the current year 2011, Indian economy is anticipated to slow down to 7.2 percent from 8.2 percent the previous year. A humble recovery to 8 percent is predicted in 2012.

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