Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Tuesday 23 June 2015

Growing Faster than China ?


Growing  Faster  than  China  ?


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

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

Population     /    
1.36 billion      /      1.25   billion

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

GDP              /  
$ 9.24 Trillion   /     $  1.88  Trillion

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

Life Expectancy  /  
75.35 years    /    66.46  years

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

Area            /  
9.57 million Sq Km  /   2.97 million Sq Km

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

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

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

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

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

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  !



---  hemen  parekh

23  June   2015




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