India to become the world's fastest growing economy

It is becoming more and more obvious how gung-ho the rest of the world is on emerging markets, especially China and India. And it is now also becoming increasingly evident that the scales might tip in favour of India very soon. A recent report by Morgan Stanley helps confirm this view. A sterling demographic dividend. Continuing structural reform. Globalisation. All these factors will help India accelerate its growth rate to 9 to 9.5% over 2013-15. This even as China will cool down to a more modest 8% by 2015. It expects globalisation to give additional job opportunities to Indians. Additional capital to augment rising domestic savings and additional know-how are other collateral benefits of globalisation India will enjoy going forward. In light of these factors, the report expects India to become the world's fastest growing economy by 2013-15. Gazing into the crystal ball is always a tricky exercise. We must admit though that India has a lot of things going for it currently. Especially relative to many other large countries around the world.