India GDP growth to beat China by 2013: Ernst&Young

With the Indian GDP slowing down and inflation rising, some may not believe the India Story, but by 2013, India could actually overtake China in terms of GDP growth.
A report by Ernst& Young forecasts Indian GDP to be at 9.5% in 2013 and 9% in 2014 while China slows down to 9% and 8.6% respectively.
“While the overall outlook for India is positive, the country will need to address rising inflation. Provided India’s inflation does start to fall back by the end of this year, and the US and EU economies do not slip back into recession, the ‘soft patch’ for Indian growth should be relatively short-lived. Once inflation is in check, and interest rates are no longer rising, consumers will be more willing to spend, supporting a general improvement in the business environment, with growth steadily accelerating during 2012”, the Ernst & Young report says
The Reserve Bank of India (RBI) had earlier lowered the current fiscal GDP to be at 7.6% from the 8.5% growth in 2010-2011. However, RBI projected a moderation in inflation to 7% by March 2012.
Source: Commodity Online