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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
