India may overtake China's growth rate: PC

Posted By: Staff
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Mumbai, Mar 31: Home Minister P Chidambaram has said that India appears poised to overtake China's high growth rate in the next ten years.

Speaking at a function here on Tuesday, Mar 30, Chidambaram said, "While the last decade was remarkable and exciting, this decade will be more exciting for India. There is more possibility that India could overtake China's growth rates."

"We are young and will continue to grow...corporate India will continue to grow in the current decade. The young CEOs and executives must help to take India to the next level," Chidambaram said.

China is the sixth largest economy in the world. It has recorded an average nine per cent growth over the last two decades.

India has seen growth touch nine per cent only in the three years till 2007-08. But due to global financial crisis, the progress and growth slipped to 6.7 pc in 2008-09.

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