India positioned more favourably for future than China: WEF

November 07, 2015 01:21

In the coming years, India is positioned much more favourably than China in terms of growth, the World Economic Forum has said though it observed that it is not entirely smooth sailing just yet.

"There is now a consensus among analysts that there are only a few bright spots in the global economy, and India is one of them," Viraj Mehta, head of India and South Asia for World Economic Forum, said in an op-ed on its website.

Based on pure fundamentals, India's outlook is promising; the art is in navigating the inevitable social, political and cultural complexities of the world's largest democracy, he wrote.

"From a macroeconomic perspective, India is positioned much more favourably for the future, even when compared to China," WEF said.

Growth accelerated this year to around 7.5 per cent, putting the country on course to overtake China by the end of 2016. It is no wonder that India jumped 16 places in the World Economic Forum's latest competitiveness index to 55.

China remained steady at 28, whereas Brazil fell 18 places to 75, the WEF article noted.

"In order to continue on this path, India must carry on building foreign investor confidence, something that has been more variable in recent months," Mehta wrote.

« Back to LIVE

TOP STORIES

Preity Slams Rohit 'Fake News'

'I hold Rohit Sharma in very high regard & am a big fan of his, but I have NEVER DISCUSSED him in any interview.'

Two dead, seven missing as boat capsizes in Odisha's Mahanadi River

The incident took place when around 50 passengers hailing from Kharsia area in the neighbouring Chhattisgarh were returning in the boat after visiting a temple in Patharseni Kuda in Odisha's Bargarh district.

Rahul Or Dhoni? Who Batted Best? Vote!

Does Rahul get your vote? Or did you prefer Dhoni's cameo?

President Xi launches cyber warfare wing for Chinese military

The Information Support Force was regarded as the revised version of the PLA's Strategic Support Force, established in 2015 by the Chinese military to deal with space, cyber, political and electronic warfare to fight what was described...

Skipper Rahul delighted after LSG get 'it all right' vs CSK

Lucknow Super Giants skipper KL Rahul was chuffed to get most of his decisions right as he guided his team to a convincing eight-wicket victory over defending champions Chennai Super Kings in the IPL game in Lucknow on Friday.