Is India really growing faster than China?

[innocentbee]

India’s bragging rights for growing faster than China, making it the world’s fastest growing major economy, have taken a severe knock as even its already dubious official growth figures are now betraying signs of a slowdown.

The latest numbers published for the April-June quarter show gross domestic product (GDP) is growing at an annualised 7.1 per cent, a sharp drop from 7.9 per cent in the previous quarter. This is the slowest growth rate in five quarters.

China is projected to end 2016 with a growth rate of 6.7 per cent, impressive for a US$11.4 trillion giant that’s nearly five times bigger than India’s US$2.3 trillion economy.

According to Ritika Manka Mukherjee of Ambit Capital, India would grow no more than 6.8 per cent in 2015-16, well short of the government’s projection of 7.6 per cent, and would be stuck with the same pace for the current fiscal year of 2016-17 to March 2017.

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[bryant.coleman]

China's 6.7% growth means an increase in GDP by $764 billion.

India's 7.1% growth means an increase in GDP by $163 billion.

With these figures, I don't know how you can claim that India is growing faster than China. And I don't expect India to overtake China, unless they eliminate the bureaucratic red tape and corruption.

[Moloch]

They have the same amount of people, 1.25 billion...

India started a bit slower, so they have more distance to catch up

Much like how China is catching up (passing) USA, India is not too far behind

[designerusa]

India’s bragging rights for growing faster than China, making it the world’s fastest growing major economy, have taken a severe knock as even its already dubious official growth figures are now betraying signs of a slowdown.

The latest numbers published for the April-June quarter show gross domestic product (GDP) is growing at an annualised 7.1 per cent, a sharp drop from 7.9 per cent in the previous quarter. This is the slowest growth rate in five quarters.

China is projected to end 2016 with a growth rate of 6.7 per cent, impressive for a US$11.4 trillion giant that’s nearly five times bigger than India’s US$2.3 trillion economy.

According to Ritika Manka Mukherjee of Ambit Capital, India would grow no more than 6.8 per cent in 2015-16, well short of the government’s projection of 7.6 per cent, and would be stuck with the same pace for the current fiscal year of 2016-17 to March 2017.

i dont suppose india is growing faster than china. china will have been the biggest economy twenty years later but india will have fallen behind china because india doesnt attach importance to its economy, industry sufficently.

[groll]

Its hard to believe though because we can see the situation of India right now compated to China.  Given that they both have large volume of people, but Chinese were more, should I say equipped with knowledge and skills.  I am not being rude to Indians but that was only my idea.  But it could be possible because India's bpo must be the main contributor of this growth.

[TicTacTic]

India's economy is developing very rapidly. But Chinese goods have long captured the markets around the world. India will be very difficult to pick up these markets in China. And on the turnover of a powerful China

[virtualx]

India’s bragging rights for growing faster than China, making it the world’s fastest growing major economy, have taken a severe knock as even its already dubious official growth figures are now betraying signs of a slowdown.

It's all fiat based growth. Nothing is growing except the world debt. Many of the bitcoin forum users agree that this debt is not maintainable on the long term. The whole world economy will collapse. You could argue the bitcoiners are "doomsday preppers" but the financial collapse a few years ago did show a little bit of doomsday.

[Xester]

I do not think so but it is near or close to that.  China has been very good with its people a good source of their income.  There are many factories and its economy continually grows.

India becoming good as it industry and bpo companies give their economy a boost.

[xht]

China with bigger population than india and buying power in china is much more higher than china and exports are much higher than india, so how come indian gdp exceeds china?

[signup01]

In my opinion, China is growing faster than India. Even India has great IT (internet and technology) people, but the government does not support them. And the China has a government who support its people much.

[European Central Bank]

i'd love to know the figures of Chinese people in poverty versus Indians. indian poverty gets shoved in the world's face. there must be tens or hundreds of millions of Chinese people on the breadline but somehow we never heard anything about them. china's done a good job of presenting a successful face to the world.

[signup01]

i'd love to know the figures of Chinese people in poverty versus Indians. indian poverty gets shoved in the world's face. there must be tens or hundreds of millions of Chinese people on the breadline but somehow we never heard anything about them. china's done a good job of presenting a successful face to the world.

yeah, that's one point make china "win" from India. China show success things more than India. It can change the world view to China and India.

[ivan.daineko23]

India is unlikely to surpass China in performance. China to have more confidence. India is not yet at that level to be a competitor

[bitcoinisbest]

India's economy is developing very rapidly. But Chinese goods have long captured the markets around the world. India will be very difficult to pick up these markets in China. And on the turnover of a powerful China

Yes but one thing will differ is quality of good. If you want durability than Indian good but cheap good which last for just a while than China

[Goms]

China's strength is in technology while India offers diverse services. Both of them are strong in different areas.

[Sithara007]

China's strength is in technology while India offers diverse services. Both of them are strong in different areas.

China's strength is stolen technology from Japan, Russia and Germany. When was the last time they invented something important in technology? Innovation is just not there in China.

[guoyu78]

I am seeing that China is in competition with Super powers and major powers to get more strength in every field of life. They are adopting every shape they find in order to become stronger and stronger while india is far back in the race of development most of their income is from their movies and they are not much famous for the production of any technology etc and they are not in a condition to compete any major power.

[TicTacTic]

Let it grow. More than able to feed the land on which they live will not grow. The main thing is not to settle them around the world.

[philiveyjr]

Being from India, While I can say India is growing, I doubt it is faster than China. There is almost no country which at present could compete with the Manufacturing industries in China, and the GDP is not just about the percentage but also about the amount of growth.

[newIndia]

With these figures, I don't know how you can claim that India is growing faster than China. And I don't expect India to overtake China, unless they eliminate the bureaucratic red tape and corruption.

Bureaucratic red tape and corruption are very much in mainland China as well. They need govt permission even to launch a website!

[korecachelenko]

china is the best economic GDP in asia maybe in the world

[Achargeturry78]

Is it real because India has to many population all over the world. The economy of india is not good at all. So what is their accomplishments to able to surpass china which is well known as the famous economy master but greedy in power.

[zenitzz]

India’s bragging rights for growing faster than China, making it the world’s fastest growing major economy, have taken a severe knock as even its already dubious official growth figures are now betraying signs of a slowdown.

The latest numbers published for the April-June quarter show gross domestic product (GDP) is growing at an annualised 7.1 per cent, a sharp drop from 7.9 per cent in the previous quarter. This is the slowest growth rate in five quarters.

China is projected to end 2016 with a growth rate of 6.7 per cent, impressive for a US$11.4 trillion giant that’s nearly five times bigger than India’s US$2.3 trillion economy.

According to Ritika Manka Mukherjee of Ambit Capital, India would grow no more than 6.8 per cent in 2015-16, well short of the government’s projection of 7.6 per cent, and would be stuck with the same pace for the current fiscal year of 2016-17 to March 2017.

No, china is still growing at a very nice pace albeit with some hiccups which is normal. If you were to go to china you will see bustling activity!

[reginalkri]

That's not something to be celebrated. The only people who should be celebrating are the people on top who exploit all the people under them.

[Hirose UK]

India's economy is developing very rapidly. But Chinese goods have long captured the markets around the world. India will be very difficult to pick up these markets in China. And on the turnover of a powerful China

yeah, China's markets exist in many countries around the world, it's hard for India to build that many markets like China.

but I don't say that India can't grow faster than China. who knows India has better strategies than China has.

[guoyu78]

Being from India, While I can say India is growing, I doubt it is faster than China. There is almost no country which at present could compete with the Manufacturing industries in China, and the GDP is not just about the percentage but also about the amount of growth.

But still you are much back from the remaining world as recently you have claimed as a surgical strike with your neighbor country but all of the experts of the world denied that it was just a fake strike and my Government (USA) also after a research claimed that it was just a fake strike and India do not have any tools for a strike like that. maybe all of your other claims will also be false. while there is no one in the world who prove false any claim of China.

[maydna]

China's 6.7% growth means an increase in GDP by $764 billion.

India's 7.1% growth means an increase in GDP by $163 billion.

With these figures, I don't know how you can claim that India is growing faster than China. And I don't expect India to overtake China, unless they eliminate the bureaucratic red tape and corruption.

from this data, we can see that china is more growing faster than india, and if we compare with population, i think china is still bigger than india. china is more step in front of india and its still growing in future.

[forextoBTC]

This discussion has happened so many times.

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

"If" India says its growing, where is the growth?

Infrastructure: 0
Industrial Growth: 0 to -ve  (On ground fact)
Export growth: ?
Imports: always increasing

Farming: Regulation kills the biggest farmable area. No land holding above certain levels = poor farming practices, no true capital can be invested.

Catching up to China? Make your own decision.

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

[virtualx]

That's not something to be celebrated. The only people who should be celebrating are the people on top who exploit all the people under them.

All this growth is the top of the food chain. Many people in these continents live as 2nd or 3rd class citizens, especially with India's class system. In China students kill themselves because they fail their university entry exam. Life quality has a long way to go for both nations.

[Winter1986]

India and China are generally half the world's population. What difference one more? The main thing is not to resettle them in other countries. Because it will capture all.

[satdas]

i do not think so. i think India cannot even match China in next 50 year then how can they cross china, i think India should control their poverty and after that they should think about to cross China.

[simpler2016]

i do not think so. i think India cannot even match China in next 50 year then how can they cross china, i think India should control their poverty and after that they should think about to cross China.

Right to become a competitor to China, India has a long time to develop. At the moment, we are talking very early this

[Dizaster2015]

i do not think so. i think India cannot even match China in next 50 year then how can they cross china, i think India should control their poverty and after that they should think about to cross China.

Right to become a competitor to China, India has a long time to develop. At the moment, we are talking very early this

Now China will not develop at a pace. Many governments in the world realized that we needed to return production to their countries. Will see, will soon begin to impose duties on the importation of products from China. Then India will dramatically catch up with China

[Chin Cheng]

With these figures, I don't know how you can claim that India is growing faster than China. And I don't expect India to overtake China, unless they eliminate the bureaucratic red tape and corruption.

Bureaucratic red tape and corruption are very much in mainland China as well. They need govt permission even to launch a website!

are you claiming that india is a corruption free land,indian government is one of the most corrupted in the world,industrial growth is hyped,labor rules are just bogus and still pointing fingers at china ,the Chinese are hard working people ,if you can check most of the products you use are from china

[forextoBTC]

With these figures, I don't know how you can claim that India is growing faster than China. And I don't expect India to overtake China, unless they eliminate the bureaucratic red tape and corruption.

Bureaucratic red tape and corruption are very much in mainland China as well. They need govt permission even to launch a website!

are you claiming that india is a corruption free land,indian government is one of the most corrupted in the world,industrial growth is hyped,labor rules are just bogus and still pointing fingers at china ,the Chinese are hard working people ,if you can check most of the products you use are from china

You are correct.

Just looking at India's position on the ease of business index. The regulatory hurdles, fickle and archaic laws, ever changing stance of government towards businessmen is enough to make sure capital is NOT invested which leads to lower employment, disguised unemployment.

[dimonchik13]

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

[Marma Kalari]

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

70 years of independence and now we are catching up ?pace of development higher than america, what does this really mean,we need to create jobs establish industries and we can claim all these

[philiveyjr]

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Thats not true. There are a lot of reasons why India  cannot develop as fast as other countries, one of them being population. Its also not easy to compare populations of 2 countries like India and America based on just the GDP, because of different factors.

[clickerz]

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Thats not true. There are a lot of reasons why India  cannot develop as fast as other countries, one of them being population. Its also not easy to compare populations of 2 countries like India and America based on just the GDP, because of different factors.

But India has many populations too and second only to China. Though India has Poverty issues also, but they are power to  consider also and can grow faster also in terms of GDP,I am very optimistic on this. In the news last day India has signed a deal with Russia to buy a missile. In the coming weeks, Mohdi and Xi will meet in India for China's Leader ate visit.

[bryant.coleman]

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Not going to happen anytime soon. Just compare the system in India to that in China. India is mired in red-tape and corruption. And in addition to that an insane affirmative action policy is in place, which has led to millions of bright, young Indians migrating to western nations such as the United States and the United Kingdom.

[groll]

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Not going to happen anytime soon. Just compare the system in India to that in China. India is mired in red-tape and corruption. And in addition to that an insane affirmative action policy is in place, which has led to millions of bright, young Indians migrating to western nations such as the United States and the United Kingdom.

I do agree.  Young Indians now are migrating to the west to flourish their skills.  These countries can give them a brighter and bigger opportunities that their country cannot give them.  But I read that India's economy is booming because of the BPO companies.

[jaweria khan]

no it is not increasing so fast, there is no comparison between China and India, China is new emerging super power, where as india still cannot feed to all the people of  his country as so many people are living a cheap life in India.

[Marma Kalari]

no it is not increasing so fast, there is no comparison between China and India, China is new emerging super power, where as india still cannot feed to all the people of  his country as so many people are living a cheap life in India.

life is indeed cheap in india and that is what all the political parties think, they dont really care about the welfare of the people rather than trying to be rich through corruption,they need people's help only during the election period .In a country where people are slaughtered because the RSS and BJP feel some random people were eating beef,first let them think like humans and then talk about development and growth.

[Sithara007]

Actually, India is quite serious developing. She was just very backward and her long to catch up with developed countries, but the pace of its development is higher than America.

Not going to happen anytime soon. Just compare the system in India to that in China. India is mired in red-tape and corruption. And in addition to that an insane affirmative action policy is in place, which has led to millions of bright, young Indians migrating to western nations such as the United States and the United Kingdom.

I do agree.  Young Indians now are migrating to the west to flourish their skills.  These countries can give them a brighter and bigger opportunities that their country cannot give them.  But I read that India's economy is booming because of the BPO companies.

The BPO business will soon shift to other locations such as Philippines and South Africa. The quality of the Indian BPO companies are not that good. Also, there are data safety issues.

[DZU1410]

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

[Marma Kalari]

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Even china has largest population in the world and they have one of the cheapest labors in the world ,the problem with india is that we dont have much innovations going on here,we dont have much jobs to offer and we are not making any new jobs either,if you look at china they have a very big manufacturing industry ,be it legal or illegal they supply their products all over the world.

[Hoor]

i think it is just a false new and there is no reality in this news ans India cannot cross Chine economically, Chine is the next economically emerging country of the world, so Inida is far behind from China.

[bryant.coleman]

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons. 

[Rmaqks]

i think it is just a false new and there is no reality in this news ans India cannot cross Chine economically, Chine is the next economically emerging country of the world, so Inida is far behind from China.

I think so too. The only thing in common between the two countries - a large population and cheap labor. In terms of India far behind

[xht]

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Maybe yes India and China are catching up with more developed countries in the west and part of this is due to the low incomes and high numbers of staff used. Also the cost to live is lower than west so its a fine balance to develop a strong economy.

[socks435]

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons. 

I think not only for that advantage about china they are also advantage in newly technology almost all robots or any hi-tech technology is from china.. or even our assesories and phone parts or computer parts you can get it all in china.. many advantages in china that almost all countries have none.

[tsaroz]

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons. 

I think not only for that advantage about china they are also advantage in newly technology almost all robots or any hi-tech technology is from china.. or even our assesories and phone parts or computer parts you can get it all in china.. many advantages in china that almost all countries have none.

The thing that matters the most is how the people and government of the respective countries takes the competition.

India is a hypocritical nation. It is still stuck on primitive problems of thoughts. China for India is the regional competitor who seems to be closing to its all time enemy Pakistan.

But for China, India and Pakistan are merely an untapped market. China is totally economy oriented while India still has internal and external problems to deal with.

[eminem90]

That's funny. India compared to China is very backward country. Even despite that fact that there is cheap labor. After all, the level of technological development there is much lower

[bryant.coleman]

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons. 

I think not only for that advantage about china they are also advantage in newly technology almost all robots or any hi-tech technology is from china.. or even our assesories and phone parts or computer parts you can get it all in china.. many advantages in china that almost all countries have none.

I would have to disagree with you there. Asian nations such as Japan and Taiwan are currently the leaders in hi-tech innovation and automation technology. China is lagging behind. However, they are quite good in churning out cheaper imitative products. Still, the situation is changing... A lot of technological advance is being made in China.

[Narosya]

India in the near future will be a strong competitor to China. There's a large population and cheap labor. India now makes its first attempts to master high technologies. Maybe even they will deal with Bitcoin mining

Cheap labor is not the only advantage for China. There are others, such as low taxes, lax environmental regulations, low corruption, no red tape, governmental support, homogenous population.etc. In India, cheap labor is there. But that is their only advantage. But even the cheap Indian labor is not trouble-free. They are prone to striking at will, for the silliest of the reasons. 

I think not only for that advantage about china they are also advantage in newly technology almost all robots or any hi-tech technology is from china.. or even our assesories and phone parts or computer parts you can get it all in china.. many advantages in china that almost all countries have none.

I would have to disagree with you there. Asian nations such as Japan and Taiwan are currently the leaders in hi-tech innovation and automation technology. China is lagging behind. However, they are quite good in churning out cheaper imitative products. Still, the situation is changing... A lot of technological advance is being made in China.

Yes, a lot of cheap products produced there. But India is far even before the release of counterfeits. So she will not soon catch up with China

[malikusama]

Although the population of the both countries is approximately equal but India is far behind China. GDP growth rate of China is 9.8% while the GDP growth rate of India is about 6.23% during period 1980-2014.

[varyspro]

Although the population of the both countries is approximately equal but India is far behind China. GDP growth rate of China is 9.8% while the GDP growth rate of India is about 6.23% during period 1980-2014.

So I say that the number of people living and cheap labor - not the main thing. India lags behind China in many respects