The Chinese economy has posted a 6.9 per cent growth in the first quarter this year - higher than the 6.5 per cent official target. India should be mindful of putting too much strain on its economy and subjecting the economy to a deeper imbalance while pressing ahead with ambitious reforms," it said. "The reality also shows how poorly the economy is weathering demonetisation," the tabloid daily which carries articles all most every day against India in recent times said. Coronavirus In India: Mock drill in hospitals of UP & Jammu and Kashmir. Some local economists said the first-quarter growth reading is closer to reality compared with previous data," it said. COVID Cases Surge in China, Coronavirus In India LIVE Updates: The recent. "The growth numbers, therefore, don't hold water. It said "a significant upward revision of last year's growth data for the same period by 1.3 percentage points to 9.2 per cent was in part blamed for the comparative slump in India's economic growth in the first quarter this year". The daily headlined the article 'India gets nasty surprise from first-quarter growth amid doubts over earlier data'.
The number was well below analysts' forecasts of more than 7 per cent growth for the quarter," it said. "India watchers were caught off-guard when the economy was revealed on Wednesday to have grown by only 6.1 per cent in the January-March period, its weakest in more than two years. "It seems that India has suffered a setback in the 'elephant versus dragon' race, with an unexpected slowdown in its economy helping China regain the title of fastest-growing major economy in the first quarter," the Chinese daily said. Each side has reinforced its troops and called on.
Some experts believe the demonetisation of high-value bank notes, that accounted for nearly 85 per cent of currency in circulation, in November by the government had some effect on the data. China lighting a fire versus India lighting a fire, the caption read, accompanied by a hashtag declaring that India’s Covid-19 cases had surged past 400,000 a day. India and China fought a war over the border in 1962, and disputes remain unresolved in several areas, causing tensions to rise from time to time. Languages: English, Japanese, Chinese (Simplified), Korean, Spanish, German, French, Indonesian (Indonesia), Arabic (Saudi Arabia), Chinese (Traditional). India lost the tag of the fastest growing major economy to China in the March quarter with a GDP growth of 6.1 per cent, which pulled down the 2016-17 expansion to 7.1 per cent. A Chinese daily has said that India has suffered a setback and a "nasty surprise" in the "elephant versus dragon" race as its GDP growth slowed down in the January-April quarter helping China re-emerge as the fastest growing major economy.Ĭalling it a "self-goal" by the government of Prime Minister Narendra Modi, Global Times hoped India will not score any more "own goals" in the future as it continues with its reform efforts.
0 kommentar(er)
