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(Opinion) China and India are likely to lead growth for Asian region in 2015

2014-12-27 09:59:37       source:Economic Times

By Mark Mobius 

December 26, 2014

"High economic growth rates will remain a key attraction of many emerging markets, in our opinion. Even with major economies like Brazil and Russia slowing down, overall growth in emerging markets during 2015 is expected to be comfortably in excess of that achieved by developed markets, with China and India likely to drive the Asian region to particularly strong growth.

Moreover, many emerging markets, among them China, India, Indonesia, Mexico and South Korea, have announced or embarked upon significant reform measures that differ in details but are generally aimed at sweeping away bureaucratic barriers to economic growth, encouraging entrepreneurship and exposing inefficient industries to market discipline. "

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