August 21, 2010 1:15 PM

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India to overtake China GDP in 2013: Report

India will overtake China's GDP growth between 2013-2015. Global investment firm Morgan Stanley has said in a report that it is likely that India and China will achieve growth rates of close to 9 per cent by 2012. India's GDP growth is inching closer to China's and it is estimated to be 8.5 per cent in 2010. Morgan Stanley's Chief Economist for China Qing Wang said China's growth will move towards 8 per cent by 2015. The report says India's growth will accelerate to a sustainable 9-10 per cent by 2013-15, outpacing China's growth. India is expected to remain the highest growth economy among large countries over the next 20-25 years.

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