But with the new government having announced the biggest round of budget cuts since World War II, the Bank still expects the resulting slowdown in spending to bring inflation down over the next two years.
Part II looks at both China and India in the 2005 round of the UN International Comparison Programme (ICP) that is being coordinated by the World Bank, the Regional Banks and Economic Commissions.
This was a round-the-world cruise taken by Craig Venter on his yacht, Sorcerer II, which studied the diversity of micro-organisms in the Atlantic, Pacific and Indian oceans.