Can India's economy overtake China? - 0 views
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Can the lumbering elephant overtake the hyperactive dragon?
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China and India, accounting for roughly 40% of the 6.5bn plus people on Planet Earth, are not merely the two fastest growing major economies in the world at present, but are among the few countries that have continued to expand at a time when the economies of most countries have contracted
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Economists argue that one reason why India's economy can grow faster than that of China in the near future is simply on account of what statisticians describe as a "base effect"
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China's economy is roughly three and a half times bigger than that of India - Gross Domestic Product (GDP) measured in US dollars in 2008 for the two countries stood at $4.2 trillion and $1.2 trillion respectively.
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World Bank in its Global Development Finance 2009 report projected that in 2010, the rate of growth of India's economy at 8% would be faster than that of China, expected to be 7.7%
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it was no longer improbable that India could grow faster than China or that South Asia would expand at a faster pace than East and South-East Asia