It said that “regulatory uncertainties” – ranging from environmental clearances to land acquisition laws to tax reforms – were holding back investors, an issue that is less of a problem in China. To strengthen domestic growth, it urged India to clear these up and to invest in infrastructure, among others.China, by comparison, is now relying more heavily on its domestic demand and this is already helping its economy make up for a weaker export market.Figures released earlier this week show that China’s gross domestic product expanded 9.1% in the quarter ended Sept,cheap toms. 30 from a year earlier, only slightly under analyst expectations of 9.2% growth.The World Bank report also said that, compared to the current year, in the year through March 2011 India benefited from the strong performance of its agricultural sector, something that depends largely on a good monsoon.Mr. Mukherjee invited his audience to look at the brighter side (rather than East.) “This is disappointing but at the same time we must not lose perspective of the global situation.”However, China didn’t crop up in his comparison, which focused instead on debt-strapped Western countries – and their less than 2% growth.You can follow Ms. Stancati on Twitter @margheritamvs,toms shoes on sale. Follow India Real Time on Twitter @indiarealtime. Add a Comment Error message Name We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name. Comment Comments (5 of 14) View all Comments 3:41 am November 1, 2011 Truthhurts wrote: That s nonsense.Hindi economy will overtake china s if they appreciate the rupee to 10 rupees to 1 us$ 6:57 pm October 28, 2011 NRK wrote: YET ANOTHER VIEW by Ramesh Kumar Nanjundaiya as recently appeared in The Economist, LondonOne-track bindOct 8th 2011 4:45 GMTWhat is the current state of the Indian Economy The Indian Paradox 2011QUOTEIndia’s economic growth rate in the past decade has been nothing short of spectacular. With its GDP growth around 7 to 9 percent per year, India is the second-fastest-growing large economy in the world. However, the country’s manufacturing sector accounts for a dismal 17 percent of its employment opportunities, as compared to 60 percent in agriculture and 23 percent in services.[1]This summer, the World Bank’s Indian Visiting Scholars Program* invited two leading academics from Harvard University to visit India and to articulate potential pathways to sustain the country’s growth trajectory. These 2 scholars are Ricardo Hausmann, Professor of Economic Development at the John F. Kennedy School of Government and Director of Harvard’s Center of International Development and Dani Rodrik, Professor of International Political Economy at the Kennedy School. While there, they interacted with the private sector and key policymakers,toms shoes online, including senior officials of the Department of Industrial Policy and Promotion, the Planning Commission, and the Ministry of Finance. Hausmann argues that diversification in the economic structure, and not necessa Related articles:

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