India Growth Now Beats China

India Growth Now Beats China It's been a long time coming, but India is now growing faster than China.

India's third quarter GDP — which calculates October to December output — rose 7.5% on the year, compared to 7.3% in China. This follows 8.2% growth in the second quarter and 6.5% in the first, bringing year-to-date growth to 7.4%. By comparison, the Chinese economy is expected to grow by 7.1% this calendar year.

It's been a long time coming, but India is now growing faster than China.

India's third quarter GDP — which calculates October to December output — rose 7.5% on the year, compared to 7.3% in China. This follows 8.2% growth in the second quarter and 6.5% in the first, bringing year-to-date growth to 7.4%. By comparison, the Chinese economy is expected to grow by 7.1% this calendar year.

Two years ago, an HSBC analyst called India a "gasping elephant". Since September of 2013, India has become the darling of emerging market investors. The bull market is now a year and a half old, but this month's budget announcement will set the tone for a while.