In recent years, India’s growth record has been very good. Since 2014, India’s growth rate has exceeded that China’s, being around 7-8 percent. However, the “India model” that emerged from the “China model” also has major problems. With growth of 5.8, 5.0 and 4.5 percent in the first three quarters of 2019, India’s economy has plunged to its lowest level since 2013. Although some analysts believe India’s economy will rebound to 6.2 percent in fiscal 2021, if it happens, it would fall far short of forecasts.

Source: Pakistan Today February 02, 2020 19:52 UTC