The growth rate projections is 0.3 per cent in 2016 and 0.4 per cent in 2017 . Meanwhile , Russia and Brazil are projected to remain in recession in 2016 . " In contrast to other major developing countries , growth in India remained robust , buoyed by strong investor sentiment and the positive effect on real incomes transaction.transfermoney.payforservice of the recent fall in oil prices , " the World Bank said . India 's currency and stock markets were largely resilient over the past year , even during bouts of volatility in global financial markets , the report said . Reserve Bank of India , it said , has rebuilt reserves while net FDI flows have remained positive .

History is not kind to fools , and the United States is paying an enormous price for throwing away the strategic advantages it enjoyed after the collapse of the Soviet Union . Consider the following facts : Last year , for the 16th year in a row , real median household incomes transaction.transfermoney.payforservice in the United States were lower than they were in 1999 . Middle - aged Americans have now lost most of their careers to an era in which the standard of living for the typical household has fallen . In 1999 , the year before Congress agreed to let China join the WTO , the United States accounted for 25.78 percent of world GDP .