November 9, 2009 8:57 PM

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India's growth rate can surpass China next year: WB

The World Bank has said the India's growth rate can surpass that of china next year. It said that India managed to achieve the average rate of nine per cent growth over five years before the economic meltdown and there is no reason why its economy cannot return to that growth level. The World Bank, however said that that to sustain nine per cent growth India must address the shortage of skilled manpower specially at the middle level. It said that India must also focus on how to reform its legal system for swifter judicial process. This was stated in a release on the summary of economic update on India's Outlook .AIR correspondent says that while the global competitive index of the World Economic forum puts china 20 position ahead of India its ranking in the 133 countries grouping , the London based Lagatum Institute's prosperity index gives India 45th position against China's 75th in 104 countries covering ninety per cent of the world's population. Meanwhile the gender gap review launched at the India economic summit by the World economic forum says that India ranks 114th out of 124 countries where the study was done.

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