(Image source from: India’s growth rate would surpass China’s by 2023: Harvard Study})

International organizations and institutions have been projecting finest levels of India’s growth rate in the coming years. After Moody’s, S&P, the IMF and others, the renowned educational institute ‘The Center for International Development (CID)’ at Harvard University has projected that India would be achieving 7.9% GDP growth by 2023 surpassing China’s growth rate in South Asia.

Over the next 8 years, India will achieve its highest annual GDP growth rate of 7.9 percent and its economic rival China would stand at 4.6 percent, even the IMF and China's leadership have predicted just below the 6 percent growth rate in 2020.

China has enjoyed its highest growth rate in the past quarter century with around 9.1 percent annual growth. According to the CID researchers’ study, the emerging markets would dominate the developed countries. Their positive projections about the Four East African countries - Uganda, Tanzania, Kenya, and Madagascar says that these nations would grow at least 6 percent annually.

The survey also predicted5.1 percent predicted growth rate for Pakistan, which envisages potential and healthy environment in South Asia and East Africa nations. The survey also expected little positivism for US and European countries.

The recent investment friendly environment, stable conditions irrespective of external factors might have contributed for their supportive projections!

-Kannamsai