India China Growth Comparision |
After 1947 India started life as a country afresh. In the 1960s, the per capita incomes of India and China was roughly at par. During Indira Gandhi era, socialist India grew at snail pace at 3% of an annual GDP growth rate. On the other hand India had population growth rate at over 2.4% a year which hardly allow per capita income grow.
China had a different story to tell, with strict Economic and social reforms China galloped ahead. Truly speaking Deng Xiaoping’s 1979 economic reforms brought about all changes in China. Today China’s per capita income is 400% higher than that of India.
We just had a nine phase Lok Sabha poll. Now public expecting some strong economic reforms which can reverse the stagnant scenario. India's corrupt Image, Highly polluted cities, Unsafe social environment for fair sex etc are some endless prominent problems on the surface to handle by any government whosoever will take the charge in PM office. India has true potential to grow at 9% a year
Almost Rs. 10 lakh crore investment in Projects are stuck due to multiple clearances and many more reasons. Monitoring by Using e-governance method to each infrastructure project, India can rewrite a new progress story.
India can use PPP more frequently to gain different levels of partnerships in growth. Railways, Healthcare and hygiene, Higher studies, Infrastructures, Financial and banking systems can be the few points for growth map restructuring.
S.NO | CHINA | INDIA |
FLAG | ||
MAP | ||
CAPITAL | BEIJING | NEW DELHI |
CURRENCY | YUAN | RUPEES |
GDP | 8.227 TRILLION US$ | 1.842 TRILION US$ |
FOREIGN RESERVE | 3,726,004 MILLION US$ | 311,858 MILLON US$ |
1 US $ | 6.157 CNY | 60.06 INR |
POPULATION | 1351 MILLION PEOPLE | 1028 MILLION PEOPLE |
URBAN DWELLIG | 54% | 33% |
POPULATION GROWTH RATE | 0.5% (Present) | 1.3% (Present) |
POPULATION GROWTH RATE | 2.8% (1966) | 2.1% (1966) |
YOUTH LITERACY RATE | 99.4% | 82% |
POPULATION IN 2050 | 1.31 billion | 1.69 billion |
RICE PRODUCTION 2004 | 6,233 kg/ha. | 3,034 kg/ha |