India to cross China in GDP growth rate by 2017: IMF

January 21, 2015Economy

According to IMF projections, India’s economic growth is expected to cross that of China by 2017.

According to IMF India’s economy is expected to grow at the rate 6.5% in 2016-17, while the rate for China will be 6.3%.

GDPs growth rates of important Countries

Country	2013	2014	2015*	2016*
Brazil	2.5	0.1	0.3	1.5
Russia	1.3	0.6	-0.3	-1.0
India	5.0	5.8	6.3	6.5
China	7.8	7.4	6.8	6.3
USA	2.2	2.4	3.6	3.3
World	3.3	3.3	3.5	3.7

*estimated figures

Gross Domestic Product

The market value of all the finished goods and services produced within a country’s borders, in a year

GDP is commonly used as an indicator of the economic health of a country

The rate at which a nation’s Gross Domestic product (GDP) changes/grows from one year to another

The International Monetary Fund (IMF)

An international organization of 188 countries

Headquartered in Washington, D.C., in the United States

Works to achieve:

Countries contribute funds to a pool through a quota system from which countries with payment imbalances can borrow

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