India to grow faster than China

India is expected to record higher growth than China in 2013 and the two Asian powerhouses are expected to be less impacted among the 25 rapid growth markets in case of a deterioration of the Eurozone debt crisis, a report by Ernst & Young said on Monday. The first Rapid Growth Markets (RGMs) forecast released on Monday attributes India and China's ability to better withstand a likely slowdown to the large size of their domestic markets and the effects of lower oil and commodity prices.

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