y***l
发帖数: 6963 | 1 Indian economy will grow faster than Chinese in 2012: World Bank
TNN, Jan 14, 2011, 02.06am IST
Article
Comments (5)
Tags:World Economic Outlook|World Bank|Chinese Economy
NEW DELHI: For years, India has been the second-fastest growing major econom
y in the world. That could soon change, with the Indian economy set to expan
d at a faster pace than the Chinese economy in 2012, according to World Bank
data.
This is expected to result from continued high demand in India even as measu
res to combat overheating kick in for the Chinese economy.
The multilateral agency`s World Economic Outlook has projected that India wi
ll grow at 8.7% in 2012, compared to China`s 8.4%. In 2011, however, China w
ould continue to grow at a faster pace than India.
Although no reasons were mentioned in the report released on Thursday, the s
lowdown in China could be the result of an increase in interest rates as inf
lation has emerged a major concern across the border too, economists said. C
hina has seen a rapid turnaround after the financial crisis on the back of f
iscal stimulus.
In case of India, the economy has benefited from robust domestic demand and
a revival in investor and consumer sentiment although higher interest rates
are expected to shave off a few basis points from the overall growth rate. I
mproved external demand and stronger private capital inflows have also playe
d a role. This year, a favourable monsoon has helped the farm sector expand
and has in the process boosted rural demand as well.
Economists, however, played down the numbers. "If you are keeping scores, it
`s fine but you must remember China is a $5.5 trillion economy while India i
s a $1.3 trillion economy. Even with a slower growth rate, incremental deman
d in China will remain much bigger than in the US," said Saumitra Chaudhuri,
a member of the Prime Minister`s Economic Advisory Council and a member of
the Planning Commission.
"It may be the case for one or two years but what matters is whether India c
an sustain high growth," added D K Joshi, chief economist at rating agency C
risil.
"It has to be seen how they are saying that the (China`s) growth rate will d
ecline from 10% plus levels to 8.4%. For us, 8.7% is probably closer to our
trend growth," said Pronab Sen, senior advisor in the Planning Commission.
China and India have seen rapid growth and have helped push up the global gr
owth rate in the year`s post the financial meltdown. But India has always la
gged its Asian rival, often referred to as the factory to the world, as Chin
a has flooded the international market with products ranging from lingerie t
o LCD television.
In recent years, foreign investors have bet big on India too, setting up man
ufacturing facilities but it has always been the second-most preferred desti
nation. The increase in wages in China could, however, tilt the competitiven
ess scales in India's favour.
Overall, the report said that in 2011 and 2012, the global economy is shifti
ng into a phase of slower but solid growth, with India and China contributin
g towards almost half of the global growth.
The World Bank estimated that global GDP, which expanded by 3.9% in 2010, wi
ll slow down to 3.3% in 2011 before reaching 3.6% in 2012.
In terms of policy prescriptions, the report said that in case of the South
Asia, where India is driving growth, the recent monetary tightening would ne
ed to be pursued further given the region's high fiscal deficits, high infla
tion and rising current account deficit.
The report also warned that countries such as India, China and Brazil would
have to grapple with high levels of capital inflows given the interest shown
by foreign institutional investors. "Heavy inflows to certain big middle-in
come economies may carry risks and threaten medium-term recovery, especially
if currency value rises suddenly or if asset bubbles emerge," it said.
Read more: Indian economy will grow faster than Chinese in 2012: World Bank
- The Times of India http://timesofindia.indiatimes.com/business/india-busin
ess/Indian-economy-will-grow-faster-than-Chinese-in-2012-World-Bank/articles
how/7280367.cms#ixzz1AxWrEMpk | f**k
发帖数: 15238 | 2 没错二阶导数
econom
expan
Bank
measu
【在 y***l 的大作中提到】
: Indian economy will grow faster than Chinese in 2012: World Bank
: TNN, Jan 14, 2011, 02.06am IST
: Article
: Comments (5)
: Tags:World Economic Outlook|World Bank|Chinese Economy
: NEW DELHI: For years, India has been the second-fastest growing major econom
: y in the world. That could soon change, with the Indian economy set to expan
: d at a faster pace than the Chinese economy in 2012, according to World Bank
: data.
: This is expected to result from continued high demand in India even as measu
| u****n
发帖数: 7521 | | c*********k
发帖数: 4747 | |
|
