Compare and analyse the following information related to Annual Growth of Gross Domestic Product (GDP) of India and China : Annual Growth of Gross Domestic Product (Source : Asian Development Bank, Philippines, World Development indicator – 2018)

Question

Accepted Answer

Comparison of annual growth of GDP:

India and China:

India:
- 1980-90: Around 5-6% growth
- 2015-17: Around 7-8% growth

China:
- 1980-90: Around 9-10% growth
- 2015-17: Around 6-7% growth

Analysis:
1. China had higher growth in early period
2. India's growth accelerated later
3. China's growth slowed down recently
4. India's growth catching up
5. Different growth trajectories

China's growth was fueled by reforms and manufacturing, India's by services and demographics.