India to outperform China by 2013: Report

October 25, 2011 12:08

Amid the gloom of a probable hike in home and car loan rates and high inflation, here's some comfort.

A cnn.com report says that India is expected to overtake fellow Asian powerhouse China in terms of GDP growth in 2013, according to a new report from Ernst and Young. India is forecast to achieve 9.5% growth, compared with China's expected 9%. Both countries remain among the top performers in the group of 25 so called Rapid Growth Markets (RGMs), which also includes Brazil and Russia. Read

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