India has a good news: China vs India - ViiralFest - ViiralFest- Latest News

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Wednesday, October 10, 2018

India has a good news: China vs India - ViiralFest

-India has a Good News. India against China...

      India's current economic growth is expected to grow at 7.3 percent this year, up from 7.4 percent next year, according to a report by the International Monetary Fund. It is likely that India will be able to overtake China this year as the fastest growing country in the world. 


           Last year India's economic growth was at 6.7 percent. The IMF report is mentioned in the World Economic Outlook (WHO) as the main reason for the growth of India's economy is a number of reform measures taken by the central government. 

          The report said that India's economy is growing at a rapid pace with measures like economic reforms such as freight and service tax, inflation control, bankruptcy and insolvency legislation implemented in recent years, liberalization of foreign investment.

 
           While the currency exchange initiative and the GST have caused some losses in the economy, growth in investment and private consumption has been attributed to the rapid growth of India's economic growth

         China has been the fastest growing country in the last financial year. China's economy grew by 0.2 percentage points in India. According to the report, the US economy dropped by 2.9 percent in 2018 from 2.9 percent in 2019.

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