Economic Comparison between India and China

INDIA AND CHINA

A Economic Comparison

Economy: Overview

• China has a higher GDP

• China has a higher GDP per capita

• China has a lower inflation rate

• China has lower unemployment rate

• China has higher current account balance

• China has higher GINI coefficient than India, which is not good.

GDP TREND SINCE 1980s

GDP PER CAPITA TREND SINCE 1992

Inflation

STATISTICS

CHINA INDIA

GDP >7.5% <5%

GDP PER CAPITA $6747 $1504

UNEMPLOYMENT RATE

4.1% 6%

CURRENT ACCOUNT BALANCE

$202Billions

$-46.9 Billions

GINI COEFFICIENT 47.4 36.8

Demographics: Overview

• China has a larger population but India has a younger population.

• China is more urbanised where as India has greater rural population.

• China has larger labour force.

4th

7th

China India

9.4% 5.7%

11.3% 6.9%

46.7% 40.4%

15.4 % 18.2%

17.2% 28.9%

31%

68%

Health & Education: Overview

• China has higher life expectancy rate and lower infant mortality rate.

• China has higher literacy rate

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omy

Though the economic growth is less than 5%

New government fills hope for growth and development.