Times Reaffirms

Times of India reaffirms what I wrote some 3 YEARS back

This is what I wrote :

GrowingFaster Than China ?   [  21  June  2015  ]

https://myblogepage.blogspot.com/2015/06/growing-faster-than-china.html

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 :

-------------------------------------------------------------------------------

Parameter       /        China       /         India

-------------------------------------------------------------------------------

Population     /    1.36 billion      /      1.25   billion

-------------------------------------------------------------------------

GDP              /  $ 9.24 Trillion   /     $  1.88  Trillion

----------------------------------------------------------------------------

Life Expectancy  /   75.35 years    /    66.46  years

-----------------------------------------------------------------------------

Area            /  9.57 million Sq Km  /   2.97 million Sq Km

--------------------------------------------------------------------------------

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

-------------------------------------------------------------------------------

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

---------------------------------------------------------------------------------

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  !

And here is what Times of India wrote on  16  March  2018  :

The China Comparison: It’s foolish to compare apples and oranges

https://blogs.timesofindia.indiatimes.com/talkingturkey/the-china-comparison-its-foolish-to-compare-apples-and-oranges/ 

17  March  2018

www.hemenparekh.in / blogs