India’s growth paradox
Aug 19th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
On Tuesday, Finfacts reported that India should start matching China's GDP growth of around 8.5-9.5%, over the next two years, barring another global financial crisis, according to Asian economists at US investment bank Morgan Stanley. More importantly, they say that, by 2013-15, India will start outpacing China's GDP growth. However, economist Arvind Subramanian, an Indian national, who works at the Peterson Institute for International Economics, in Washington DC, has highlighted the paradox of India's growth.