Econimic Growth

India has emerged as the world's fastest growing economy notwithstanding global demand slowdown and four droughts, Chief Economic Advisor Arvind Subramanian said on Friday.

China's economy is expected to expand 7.4 per cent this year, narrowly missing the government's 7.5 per cent annual target, as Beijing tries to derive more future growth from consumer demand rather than exports. In 2015, economists predict growth to slow further to 7.1 per cent.

Former Reserve Bank of India governor Bimal Jalan, in an exclusive interview with NDTV Profit, said expects the economic growth to pick up in 2014 but a lost would debt on the outcome of the elections.

A Reuters poll of 37 economists showed gross domestic product (GDP) expanded 4.8 per cent year-on-year, only slightly better than the 4.5 per cent growth in the previous three months, which was the lowest in 15 quarters.

India has emerged as the world's fastest growing economy notwithstanding global demand slowdown and four droughts, Chief Economic Advisor Arvind Subramanian said on Friday.

China's economy is expected to expand 7.4 per cent this year, narrowly missing the government's 7.5 per cent annual target, as Beijing tries to derive more future growth from consumer demand rather than exports. In 2015, economists predict growth to slow further to 7.1 per cent.

Former Reserve Bank of India governor Bimal Jalan, in an exclusive interview with NDTV Profit, said expects the economic growth to pick up in 2014 but a lost would debt on the outcome of the elections.

A Reuters poll of 37 economists showed gross domestic product (GDP) expanded 4.8 per cent year-on-year, only slightly better than the 4.5 per cent growth in the previous three months, which was the lowest in 15 quarters.