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.
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