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'India to surpass China with 7.8% growth'


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Jagdish Dubey
Missionary is right
by Jagdish Dubey on Mar 29, 2015 07:24 PM

Average CAGR - compound annual growth rate logged by PRC consistently over THIRTY years 1983 our GDP was higher than theirs was 13.13% compared to our rate of 7.61%. So can surpass China only when rates are reversed over the next 30 year. Otherwise just CHILL. Get UPA III with AAP never to rise again.

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MISSIONARY
Stop fooling people through juggling of numbers
by MISSIONARY on Mar 28, 2015 07:12 PM

Stop fooling people through juggling of numbers

Earlier the growth rate was only 6% for the FY2015-16. Then they said we invented (if not concocted) a new method,according which India's growth rate is 7%.

Now they are comparing India with China and saying India will grow faster than China.

The truth is that when per capita income (PCI) crosses a certain higher level (for a country like China), growth rate drops but that is no achievement for India. For that see the following calculation:

China's PCI USD 8000, GDP increase 7%, population growth rate 0%. Net growth rate of PCI = 7%. Then increase in PCI, 8000X0.07= USD 560.

India's PCI USD 1500, GDP increase 7%, population growth rate 2%. Net growth rate of PCI = 5%. Then increase in PCI, 1500X0.05= USD 75.

Now you can understand, assuming that both India and China grow at the same rate 7%:

China's PCI grows by USD 560 and India's PCI grows by only at USD 75

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