Growing Faster Than China ?

There is no denying that India has made a lot of progress on the economic front during past 12 months , under structural reforms undertaken by the NDA government

But when Economists and leading Rating Agencies talk of " India's economy is growing at a rate , faster than China's " , some clarifications become necessary

Just look at the following comparison between China and India :

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Parameter       /        China       /         India

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Population     /    1.36 billion      /      1.25   billion

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GDP              /  $ 9.24 Trillion   /     $  1.88  Trillion

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Life Expectancy  /   75.35 years    /    66.46  years

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Area            /  9.57 million Sq Km  /   2.97 million Sq Km

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Per Capita GDP    /    $  6,807     /     $ 1,498 

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GDP Increase   / @ 7% = $ 647 Billion /  @ 8% = $ 150 Billion 

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Now , of course , it is entirely possible for India's absolute GDP increase to overtake China's absolute GDP increase , if

>  China's growth-rate keeps declining ( > 6  % > 5 % > 4 % > 3 % .... )

and ,

>  India's growth-rate keeps accelerating ( > 9 %  > 10 % > 11 % ......... )


Except that you don't have to be an Economist to guess that no such thing will ever happen  !


It is not that I love NDA less

It is just that I love enlightenment more  !


---  hemen  parekh

www.B2BmessageBlaster.com

21  June   2015

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