India Needs 8% Growth to Topple China as Global Driver, Barclays Says
India’s economy grew about 8% on average over 2005-2010 and could return to that pace after next year’s general elections.
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India’s economy needs to grow 8% a year in order to overtake China as the largest contributor to the global economy, Barclays Plc estimated, a scenario that requires much more investment, especially in traditional sectors.