The World Bank has said that India will catch up with China's growth at 7 per cent in the year 2016-17. The World Bank's forecast came as it released the 'Global Outlook: Disappointments, Divergences, and Expectations Global Economic Prospects' in Washington.World Bank Chief Economist and Senior Vice-President Kaushik Basu told reporters that India's economy has recovered in the wake of the economic reform measures taken by the new Indian government, falling oil prices and lower interest rates, due to which it will catch up with China's growth. He said, China's growth will remain high, but will begin to taper very gently, reaching 6.9 per cent in 2017.
News On AIR | January 15, 2015 8:08 AM
India will catch up with China's growth rate in 2016-17: World Bank