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

Friday, May 29th, 2015

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. (ANI)

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