It’s official ! India’s growth in 2010 was a notch higher than that of China. According to data from the IMF, India’s GDP grew 10.4 % in 2010 versus China’s 10.3 % and if projections by official agencies are anything to go by China is looking at a 7 % growth in the Twelfth Plan period (2011-2015) compared with India’s 9 %.
This is the first time that India’s growth has overtaken that of China; since the latter initiated reforms in the 1980s, a decade ahead of India. The other Fast Growing major developing economies in 2010 included Brazil 7.5 %, Mexico - 5.5 % and Russia - 4 %.
Among developed countries the fastest growing major economies in 2010 were Japan - 3.9 %, Germany - 3.5 %, Canada - 3.1 % and United States - 2.8 %. Growth was much slower in countries like France - 1.5 % and Italy - 1.3 %.
Lifeline of Mumbaities is Local Railway. Lifeline for the world is - Aluminium, Copper, Crude, Gold, Lead, Natural Gas, Nickel, Silver, Zinc. |
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