China Overtakes India as World’s Fastest-Growing Economy, IMF Says – China Real Time Report – WSJ

China took back in the crown in 2016 thanks ‘primarily’ to Modi’s cash cancellation

 China 6.7
India* 6.6
Asean-5 4.8
Mexico 2.2
U.K.  2
Eurozone 1.7
U.S. 1.6
Japan 0.9
South Africa 0.3
Russia -0.6
Nigeria -1.5
Brazil -3.5
*India estimate is for the year that ends March 31, 2017. The Asean-5 countries are Indonesia, Malaysia, Philippines, Thailand and Vietnam.

Source: China Overtakes India as World’s Fastest-Growing Economy, IMF Says – China Real Time Report – WSJ

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One Comment to “China Overtakes India as World’s Fastest-Growing Economy, IMF Says – China Real Time Report – WSJ”

  1. This is misleading. The Indian statistic is calculated differently from the world standard. In February 2015, the Indian government simply changed the way it calculated the GDP and added more than 2 percentage points to its growth rate. By the old yardstick, India’s economy ought to be seen as still limping at around 5 percent growth.

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