Abu Saquib, works at Stryker
Answered Jun 11
India need a lifetime to surpass china in term of various economical strength. i know most of the recent intellectual will not believe and i may attract some criticism here but what is true is true. I will try to make it short and crisp.
Lets compare some very basic individual basic factor which actually matter such as land, people.
India land area: 3.287 million km²
China land are: 9.597 million km²
Notice the area china have is more than 3 times, which India can never have until we invade some country and with present condition we cant.
China: 2,335,000 (here also china is twice the size, hiring this much force is beyong india immagination)
notice in 1960 China was only 2 times the total Indian GDP but in 2015 China surpass 6 times the total GDP.
And the last is GNI (Atlas method).
(The Atlas method is a method used by the World Bank to estimate the size of economies in terms of gross national income (GNI) in U.S. dollars. ... The resulting GNI in U.S. dollars is divided by the country's midyear population to obtain the GNI per capita)
Source: GNI, Atlas method (current US$)
I hope this will correct a lot of peoples misconception about India and China.
And it is not bad and bot good also. India is India and China is China and we both are growing for our-self not for competition. And if someone want to see where USA is in all this please refer to below GDP graph.
Ling Guo, lives in China
Updated Jun 8
Do a simple math.
The GDP of China — $11,218,281 million
The GDP of India — $2,256,397 million
Say India grows by 8% per year, China grows by 5%, with anything else remaining the same:
It takes 57 years in this case.
Say India grows by 8% per year, China doesn’t grow, with anything else remaining the same:
It takes 20 years if China stops growing from now.
But the economy is much more complicated and these results don’t really mean anything.
Arun Bhatia, former IT
Answered Jun 6
China is much bigger, better than India. All Indians want to to emulate the Chinese success story. I travelled to China for a visit. Many parts just like India but cleaner, neater and all believing in their government to take them out of poverty.
The best thing for both countries - keep competing, keep chalenging keep feeling the other is better !
Both will progress then.
Michael Lee, BSCS
Answered Jun 1
at 8 percent india needs 21 years to catch up to where china is right now.
Answered Jun 1
China took almost all globalization benefits over the past 30 years.
India missed it.
Now all Western countries implement "their countries first" policy to oppose the continuation of globalization.
India needs 95% domestic demands to drive its growth rate, it is impossible for India to sustain the growth rate based on only its domestic demands (assume Indian DGP growth rate is true).
While China is still dominating the low end markets, it is changing its low end market into median and high end markets.
Chinese GDP growth rate has reached bottom, you will see another 30 years GDP growth rate of 7-8% growth rate.
India growth rate last quarter only reached 6.1%, far below Chinese 6.9%.
Chinese economic success has made all developing countries, including India, have a great confidence to achieve their own economic success.
However, do they have Chinese hard working attitudes, IQ, culture, social and political system as well as the international environments to grow?
I doubt they have.
Autocratic system is the best system to drive economic growth rate, when it is developed, naturally it would become full democratic system in one way or another.
Developing countries with the Western style Democratic system will make them poor forever.
No chance for India, India GDP growth rate has not reached its bottom as Indian GDP growth rate keeps dropping over the past 4 quarters.
The so called India fast growth rate was from the change of the GDP calculation method, it is now even dropping with the new calculation method, as the reality on the ground are the same as they used to be, unless India keeps changing the calculation method again.