INDIAN ECONOMY HAS THE POTENTIAL TO CLOSE ITS GAP WITH CHINA AT A FASTER PACE
EXPERTS HAVE DOUBTS ABOUT CHINA’S PRESENT GDP FIGURE, PUTTING IT AT MUCH LOWER LEVEL
2023-05-24 13:12
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United Nations declared in Mid-April this year that India has become the most populous country overtaking China at 1.43 billion. Can it do the same with regard to GDP to become second largest economy in the world? On the face of it, the proposition seems difficult in the next few decades as China is the second largest economy in the world at over $18.5 trillion as against United States’ nearly $25.5 trillion. There have however been suspicion for quite some time that Chinese figures are exaggerated and the size of its economy is not as big as it is made out to be. If this is true, it is within realms of reality that India overtakes Chinese economy in the foreseeable future.