World Bank: India Among The Fastest Growing Economies

It is official, India is among the fastest growing economies outpacing China. According to the latest Global Economic Prospects conducted by World Bank, India is the fourth fastest growing economy in the world. Chinese economy is slumping due to rebound among commodity exporters. India’s GDP is expected to grow 7.2 percent in fiscal year 2017 while the growth in China is expected to be 6.5 percent.
As per reports from World Bank, several contributions will lead to slow growth in Chinese such as Brexit, Trump administration.
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