Can Indias Economy Overtake China?
Seems like its been India week around these parts… Monday we noted China was set to surpass Japan as the world’s 2nd largest economy by next year, but can a country that seems to be forgotten often by US investors in their love for China (India) actually leapfrog ahead? It is sort of hard to take any of these government figures at face value in any country nowadays [Aug 5, 2009: China’s Provincial Growth Figures Far Overstated versus National Figures] so comparing growth in 1 country versus the next becomes problematic. However, India’s economy is smaller and as we see even in individual companies it is always easier to grow off a smaller base. Via BBC News • Can the lumbering elephant overtake the hyperactive dragon? What appeared unthinkable for decades, if not for more than half a century, may actually happen soon, perhaps as early as next year. • In 2010, the Indian economy may grow faster than that of China. What is more, experts contend that South Asia could expand at a more ra
