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India will catch up with China's growth rate in 2016-17: WB

Buoyed by the economic reform measures taken by the Indian government after coming to power in May last year, the World Bank has said that India would catch up with China's growth in the year 2016-17

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Washington: Buoyed by the economic reform measures taken by the Indian government after coming to power in May last year, the World Bank has said that India would catch up with China's growth in the year 2016-17.

"According to our analysis, India will catch up with China's growth in the year 2016 and 2017," World Bank Chief Economist and Senior Vice-President Kaushik Basu told reporters. He was speaking yesterday at a conference call as the bank released the latest issue 'Global Outlook: Disappointments, Divergences, and Expectations Global Economic Prospects,' report.

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