Business Standard

India's growth expected to surpass China's: UN report

Image

ANI New Delhi

A United Nations report has stated that India's economic growth is likely to surpass that of China with GDP growth expected to touch 7.7 percent in 2016.

The report states that Chinese economy is expected to grow by seven percent this year and 6.8 percent next year.

The mid-year update of the UN World Economic Situation and Prospects further said that India's growth will have a positive impact in the South Asian region.

Terming South Asia's economic outlook as largely favourable, the report said that most economies in the region are expected to grow strongly in 2015-16 owing to strong domestic consumption, investment

 

and a pick-up in exports.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 21 2015 | 6:53 PM IST

Explore News