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Indian economy will grow faster than Chinese in 2012: World Bank

Posted by Feerojkumar On 02:28 1 comment

NEW DELHI: For years, India has been the second-fastest growing major economy in the world. That could soon change, with the Indian economy set to expand at a faster pace than the Chinese economy in 2012, according to World Bank data. This is expected to result from continued high demand in India even as measures to combat overheating kick in for the Chinese economy. The multilateral agency`s World Economic Outlook has projected that India will grow at 8.7% in 2012, compared to China`s 8.4%. In...