India beats China in growth sweepstakes

[Chinese-Dragon]

All the time Chinese Dragon was asking when will Indian Economy reach double digit growth.....???????
Chinese dragon,here we are with 10.4% GDP growth......

LOL I must have left a lasting impression on you, to get all this big red text.

Anyway, this is not the official growth rate, the reason it is high is because it is taking currency appreciation into account.

Good luck though, China has been growing at double-digits for over three decades, and yet we are still nowhere close to being a "developed" country.

 

[tallboy123]

LOL I must have left a lasting impression on you, to get all this big red text.

Anyway, this is not the official growth rate, the reason it is high is because it is taking currency appreciation into account.

Good luck though, China has been growing at double-digits for over three decades, and yet we are still nowhere close to being a "developed" country.

It from IMF..International monetary fund....
U long waited for this answer,now u got it...
have fun

 

[Chinese-Dragon]

It from IMF..International monetary fund....
U long waited for this answer,now u got it...
have fun

Congratulations in advance.

The goal is to get an "average" growth rate of double digits, so you'll need to sustain it for several years in a row.

 

[tallboy123]

Congratulations in advance.

The goal is to get an "average" growth rate of double digits, so you'll need to sustain it for several years in a row.

U can't predict future,i can't predict future..
i had a feeling that We would reach double digit by another 4 years or so...
But it has come early...
Our economy is sustainable,don't highly depend on export market..
The world recession in past few years did not affect India..
So lets see wat's there in future for us

 

[Swati Shukla]

U can't predict future,i can't predict future..
i had a feeling that We would reach double digit by another 4 years or so...
But it has come early...
Our economy is sustainable,don't highly depend on export market..
The world recession in past few years did not affect India..
So lets see wat's there in future for us

but still the actual gdp growth rate is somewhere around 8.4%-8.7% (Depending upon different govt. agencies). it is supposed to Go upto 9.1%-9.5% this financial year. so, we have to wait a lil bit more for double digit growth.

 

[jdme]

U can't predict future,i can't predict future..
i had a feeling that We would reach double digit by another 4 years or so...
But it has come early...
Our economy is sustainable,don't highly depend on export market..
The world recession in past few years did not affect India..
So lets see wat's there in future for us

Neither is this a double digit growth (actual growth), nor it means anything if it cannot be sustained (it won't be just this very year). China had decades of actual double digit growth. This is nothing more than anomaly for India.

 

[casual]

china is trying to slow growth but these numbers show that it's not working as planned. the government target was 7% i think.