Indian economic growth rate to top China's

By agencies   |   Tuesday, 14 March 2006, 20:30 IST
Printer Print Email Email
NEW DELHI: A private study sees India surpassing China's economic growth rate by 2013, and Brazil will do likewise by 2023. The PricewaterhouseCoopers analysis, known as 'The World in 2050' and written by John Hawksworth, said China`s one-child law will cause its population to age, while the number of Indians between the ages of 15 and 59 will not decline during the first half of this century. Hawksworth assumes that gross domestic product growth stems from growth in physical capital stock, growth in the labor force, growth in quality of labor or human capital and technological progress.