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.

[1715407325]

1715407325

[1715407325]

1715407325

[1715407325]

1715407325

[1715407325]

1715407325

[1715407325]

1715407325

[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!