China is the new fastest-growing large economy says the IMF

The Fund has published its report for 2016 growth rates

  • Says India shot itself in the foot (there's a lot of that going around) when it cancelled 90% of its cash in circulation

(ps. I'll quit it with the mixed metaphors now)

India's growth slowed to 6.6% in 2016 from 7.6% in 2015

  • China's economy grew by 6.7% in 2016

IMF says 2017 growth in India, though, is expected to be 7.2%, which will put it back in front

Then 7.7% projected for 2018

  • China forecast is 6.5% in 2017 % 6.0% the following year

(ps. The IMF admits these forecasts are unlikely to be precise)