According to the report of Center for International Development (CID) at Harvard University “after decades spent trailing the growth of its northern neighbor and economic rival, India now tops the projections of annual growth rates to 2023”.

“Our Economic Complexity predictions find India’s disputed upper hand in growth will expand into a widening gap in the medium-term, with growth projections to 2023 predicted to be at 7.9 percent annually, well ahead of the 4.6 percent projected for China,” said Ricardo Hausmann, Professor of the Practice of Economic Development at Harvard Kennedy School (HKS) and director of CID.