Planning & Development in future might interest the students of MBA (Finance)--Part--1
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Planning & Development in future might interest the students of MBA (Finance)--Part--1

MBA (Finance) students with the eye on managing Planning & Development in future

According to some projections by Harvard University, India is heading for high rated growth within a very short time. The projected study informs that East Africa and South Asia top the list of New Growth Projections, while all oil economies are bound to experience the sharpest fall among the studied 128 countries’ subjects of productive dynamisms. The study has been conducted by the Harvard University’s Department of CID (Centre for International Developments).

The studies by the Harvard University’s CID department were based on a country’s capability of exports. Basing on this criterion, the CID department has drawn a new landscape on economic growth. The study also reveals that the emerging markets in the East Africa and South Asia are going to outpace many developed countries’ present economic scenario.

The study also foresees the reversals, when comparing India’s growth prospects with China, the former is sure to overtake the later. China, the northern neighbor of India has established its decades of advancements, but India has been successful to tame the country.  As per the revised Indian growth statics 2014, it is predicted by 2023, India will make a mark in the economic growth issue.

The following projection, related to the country-wise GDP growth up to 2023. The countries have been selected, are enlisted, as per their order of ranks. The study was conducted among 128 countries.

Country

Position of Rank

Projected percentage of average annual growth rate

India

1st as per growth rate projection

7.9

Uganda

2nd as per growth rate projection

7.0

Kenya

3rd as per growth rate projection

6.7

Malawi

4th as per growth rate projection

6.5

Tanzania

5th as per growth rate projection

6.5

Egypt

6th as per growth rate projection

6.0

Madagascar

7th as per growth rate projection

5.9

Zambia

8th as per growth rate projection

5.8

Senegal

9th as per growth rate projection

5.5

Philippines

10th as per growth rate projection

5.5

Turkey

13th as per growth rate projection

5.3

Indonesia

15th as per growth rate projection

5.2

Pakistan

16th as per growth rate projection

5.1

China

23rd as per growth rate projection

4.6

Mexico

26rd as per growth rate projection

4.4

 

The above tabulated information has been obtained from the Harvard Center for International Development, from their Economic Complexity, 2015 archives.

 

As per the views of Prof. Ricardo Hausman, the leading researcher of Atlas and working on the Practice of the Economic Developments as the Director of the Harvard University’s Department of CID (Centre for International Developments), the economic complexity predictions by the Harvard University, does not rule out India’s upper hand in this growth predictions, and so predict a widening gap between mid-term period before 2023, for which 7.9 annual growth has been predicted. However the neighboring country China’s annual economic growth has been projected to be 4.6 per cent.

The research study has compared China’s last 25 years of 9.1 percent of growth rate and so this growth rate is found to be significantly low. The low growth rate below 6 percent is predicted by both the China’s leadership and the extreme authorities like IMF (International Monetary Fund).

Continued...

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