I request,
Please share your professional knowledge in good length. I need the comparative analysis of India and china Economic growth year wise.
Thanks & regards
I see no difficulty: the World Bank website contains all the information you are looking for, with the relative historical series.
Similarly, you can use the data contained on the website of the World Trade Organization, as well as the World Health Organization.
Regards
https://statisticstimes.com/economy/china-vs-india-economy.php
From 1961 to 2019, China grew by more than 10% in 22 years while India never. GDP growth rate was negative in five and four years for China and India, respectively (Citation from link).
————
https://seekingalpha.com/article/4536592-india-the-next-china-maybe-not
By 2050, India is expected to have 1.7 billion people, becoming the most populous country. That population should mean that India’s economy could grow between 6-7% over the next 10 years. Furthermore, India’s population is young, as shown in its dependency ratio. India’s falling dependency ratio, indicates more active workers in the economy, supporting the old and the very young. India needs to exploit this demographic dividend, but will it? (Citation from link).
————
https://www.weforum.org/agenda/2019/10/india-economy-powerhouse-population-inequality/
Entrepreneurship will help contribute to strong growth in private wealth, according to AfrAsia Bank’s Global Wealth Migration Review 2019, which forecasts 10-year wealth growth of 180% in India, faster than other nations including China.
(Citation from link).
—————
https://www.nytimes.com/2022/09/07/business/india-economy.html
“Those who ruled us for 250 years — we have left them behind to move ahead in the world economy. More than moving from sixth to fifth, the joy was in this,” Prime Minister Narendra Modi said. “We have come out of thousands of years of slavery; now is the opportunity. We will not stop.” (Citation from link).
————-—
https://www.thehindu.com/business/Economy/achieving-11-growth-rate-in-next-decade-possible-if-india-capitalises-on-demography-manufacturing-exports-patra/article65765440.ece
Even if it does not sustain this pace and slows to 4-5% in 2040-50, it will become the largest economy of the world by 2060 [surpassing China],” Dr. Patra said while speaking at an event to celebrate Azadi Ka Amrit Mohotsav organised by the RBI in Bhubaneswar. (Citation from link).
———————
The last assessment seems, imo, quite realistic, i.e. time dose=38 years, roughly 1 working generation, in terms of economic anthropology.
The educational aspect will be decisive, in terms of tech-know-logical standards and economic progress.
Economic progress is the work of the savers, who accumulate capital, and of the entrepreneurs, who turn capital to new uses.”
— Ludwig von Mises
My understanding is that the Indian economy is growing very quickly. A self-reliant Indian policy and a bold foreign policy are the main reasons for this. Indians believe that everyone should be able to live a healthy life, regardless of their nationality.
I am highly thankful to all for their responses, got some good links to study in additional to WTO and IMF reports. But personal views are always good sources of study, they give new direction. Most of the nation's reports are windo dressed presentations. Either they are pro to the governments or they are prepared to attract donations and investors to invest in hostile economies.
Sir
you may refer to one of my paper.
thank you.
Conference Paper FDI in Agribusiness: A Comparison between China and India