India to remain fastest growing economy for the coming decade:Harvard Study

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This year India gained the title of the world's  fastest growing economy surpassing China and is still the fastest .Though the  government may have lowered the projected growth rate to 7 percent due to delay in GST and poor rain this year but according to study conducted by Harvard India will be the fastest growing economy for a decade outpacing China which will be as slow as 4.3 percent.The study was conducted by Harvard’s Centre for International Development (CID) based on the 2014 trade data.Study was conducted under Prof. Richard Hausmann head of CID and leads the Research for ‘Atlas of Economic Complexity ‘.In a press release Prof Hausmann says “India has made important gains in productive capabilities,allowing it to diversify its exports into more complex products, including pharmaceuticals and electronics.”
(TNN)