India-World's Fastest Growing Economy

http://money.cnn.com/2015/04/14/investing/india-economy-fastest-growing/index.html

This really interesting article talks about how India has the fastest growing economy in the world, and it is only continuing to grow. I was surprised because I thought China had the fastest growing economy. In another article by CNN Asia, it talks about how the speed at which China's economy had been growing has actually slowed down in recent years. Unlike plenty of other countries, including China, India's currency was not affected by the U.S. dollar. It kept its value, and there are predictions that it will continue to stand its ground, despite some market drops and the value of the U.S. dollar being so powerful.
Will this help India reach the level that China and the U.S. are economically?
Will it help with fighting the immense poverty that India faces? Or will it simply add to the gap between the rich and the poor?
*Interesting fact: I watched a movie this week called Good Hair, and it talked about how big of an export human hair is. I wonder, could the sale of human hair, and the high demand for it, be boosting the economy?