Indian Prime Minister Narendra Modi with Chinese President Xi Jinping during the G20 Summit, in Hangzhou, China in 2016. Photo: Press Information Bureau
Even if India’s economy is growing faster than China, it does not mean that India has become economically as powerful as China. While India’s Gross Domestic Product (GDP) was $2.5 trillion in 2016, China’s GDP is nearly five times of that, at $11.4 trillion. That also reflects in the per capita GDP: while it is $8,260 for China, for India it is $1,718. India might overtake China in terms of population by 2022, but to overtake its per capita GDP, the Indian economy needs to grow more than 30 percent annually.
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