Saturday, 17 March 2018

LET US STAY MODEST !

Times Reaffirms

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Times of India reaffirms what I wrote some 3 YEARS back

This is what I wrote :

Growing Faster Than China ? [ 21 June 2015 ]

https://myblogepage.blogspot.in/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 :

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Parameter / China / India

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Population / 1.36 billion / 1.25 billion

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GDP / $ 9.24 Trillion / $ 1.88 Trillion

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Life Expectancy / 75.35 years / 66.46 years

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Area / 9.57 million Sq Km / 2.97 million Sq Km

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

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

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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 :