India v China: The X factor

Morgan Stanley thinks it could happen in 2013; the World Bank thinks it might happen next year. Many pundits have speculated about when India’s growth might outpace China’s. But the IMF’s World Economic Outlook says it’s already happened—without fuss, fanfare or felicitation. China grew by 10.3% last year; India by 10.4%. How can that be?

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