China and India is the two emerging economy of the world.

China and India is 2nd

and 9thlargest country of the world, respectively in nominal basis. On PPP basis,
China is at 1st and India is at 3rd place in 2014. Both country together shares
16.08% and 23.16% of total global wealth in nominal and PPP terms, respectively.
Among Asian countries, China and India together account for 52.77% (PPP) and
48.99% (Nominal) of total Asia's GDP.
GDP of China is 5.06 and 2.39 times more than India at nominal and ppp terms,
respectively. China crossed $1 trillion mark in 1998 while India in 2007 at
exchange rate basis. Now in 2014, India crossed 2 trillion mark and China crossed
10 trillion. In 1980, size of economy of China and India was $309 and $181,
respectively.
GDP of China at ppp terms is 1.7 times more than compare to nominal basis. This
ratio of India is 3.60.
According to CIA Fackbook sector wise GDP composition of India in 2014 are as
follows : Agriculture (17.9%), Industry (24.2%) and Services (57.9%). Sector wise
GDP composition of China in 2014 are : Agriculture (9.7%), Industry (43.9%) and
Services (46.4%).
In nominal terms, per capita gdp of China is $7,589, 80th position in world and
19th in Asia. India's gdp per capita is around of $1,627. India's rank in world and
Asia is 145 and 33, respectively. On PPP basis, gdp per capita of China is $12,880
and of India is $5,855. China is 4.66 times richer than India in nominal method and
2.20 times richer in ppp method.
Growth rate of China is estimated at 7.38% in 2014. India's growth rate is
estimated at 7.17% in 2014. During period 1980-2014, Average GDP growth of
China was 9.8% compare to India's 6.23% in same period. China attains maximum
growth of 15.20% in year 1984 and minimum 3.80% in 1990. Out of 35 years from
1980 to 2014, China grew by more than 10% in 16 years while India in only one.
India reached an all time high of 10.26% in 2010 and a record low of 1.06% in
1991. India's growth rate was 9-10% in 4 years, while China in 7 years.
Indian rupee was at 4.23 INR per Chinese yuan (CNY) on 2 Jan 1996. Value of
Indian rupees has fallen to 10.18 INR per 1 CNY in 1 Jan 2015.
True, India's economic growth in the last 25 years has been slower than
China's. India's growth rose to almost 11 percent of U.S. gross domestic

product in 2014 from about 4 percent in 1990, while Chinas vaulted to 60

percent from 9 percent in the same period. But unlike China, India never
became an export-driven manufacturing juggernaut and so its growth has
been steadier. Last year it was 7.5 percent.

India is projected to achieve its highest annual GDP growth rate of 7.9 percent over
next 8 years, overtaking its South Asian economic rival China, according to a
Harvard study that said growth in emerging markets will continue to outpace
developed countries.
The Center for International Development (CID) at Harvard University in its report
said, "after decades spent trailing the growth of its northern neighbor and economic
rival, India now tops the projections of annual growth rates to 2023".
India is projected to record average annual growth rates of 7.9 percent over the next
eight years, nearly double of China's 4.6 percent projected growth over the period.
"Our Economic Complexity predictions find India's disputed upper hand in growth
will expand into a widening gap in the medium-term, with growth projections to
2023 predicted to be at 7.9 percent annually, well ahead of the 4.6 percent projected
for China," said Ricardo Hausmann, Professor of the Practice of Economic
Development at Harvard Kennedy School (HKS) and director of CID.
Relative to China's 9.1 percent annual growth of the past quarter century, this growth
projection presents an important slowdown for China, but stands just below the 6 percent
growth rate in 2020 predicted by the IMF and China's leadership, the report said.
The growth rate in GDP India vs. GDP China has increased outstandingly in the
recent period due to several factors leading to an economic upsurge in both the
countries. China and India jointly account for 2.4 billion people, which is roughly 40
percent of the total population of the world. It has been assumed that China is likely
to excel Japan in terms of population by the year 2016. By the end of the year 2045,
China is expected to surpass United States in the population strength also. According
to a survey report on the growth rate of China and India GDP, it has been stated that
the institutional investors have made a notable contribution in the country's
economy, which led to the hike in the GDP of both the countries.
India GDP and China GDP are likely to grow in their own ways. To be precise, in 25

years from the current period it has been assumed that China will have a more
superior economy as it already leads the total output in the world. On the other
hand, soon in the coming years India will have superior investor returns than China.
This is because of the augmented institutional development in India which is higher
and more efficient than that of China. Considering the expected conflicts in China's
economic and political systems, it can be inferred that a wide diversification of the
investors is an essential factor that is required for a sustainable growth in the
country's GDP.
It has been reported by a survey done on GDP India vs. GDP China that India's GDP
(PPP) is four trillion whereas China's GDP (PPP) is ten trillion. As per the post-war
history of economics, China's economy has undergone a drastic change with seven
percent increase in its GDP. The growth in GDP of China has resulted from the rapid
rise in the manufacturing of high-tech goods in the country under the large-scale
high-tech manufacturing firms like Lenovo, Baidu.com and Huawei Technologies. The
infrastructural development in China has also been quite higher than that of India,
which has added to the growth of China GDP. In general, China spends much more in
its infrastructural facilities than India.
Former World Bank Chief James Wolfensohn declared in one of his speeches that
soon GDP India and GDP China will witness an overwhelming growth that will
transcend the G7 countries, that includes United States of America, Canada, France,
Germany, Italy, Japan, and United Kingdom. It is assumed that by the year 2050,
both India GDP and China GDP will witness a gargantuan growth. The current GDP of
China is USD two trillion which is predicted to reach USD 48.6 trillion by 2050. On the
other hand, India's current GDP is USD one trillion, which will become USD 27 trillion
by that time. - See more at: http://business.mapsofindia.com/indiagdp/sectorwise/india-vs-china.html#sthash.bj5Vvsfi.dpuf

India, as we know, started reforming more than a decade later, in 1991and with the
prerequisite of a much broader political alignment. Chinas headstart led to a trebling of its
per capita income in the first 25 years of its reform efforts, whereas Indias per capita income
only doubled during those years. However, it is interesting to note that, after adjusting for
this approximately 13-year lag, India has almost tracked Chinas growth pattern in terms of
absolute real gross domestic product (GDP) growth. Indias real GDP in 2014 was $1.55
trillion, which is close to Chinas 2001 real GDP of $1.56 trillion (at 2005 prices, EIU).
Both countries have ridden the wave of a low dependency ratio (i.e., the ratio of the
population younger than 18 years of age or older than 65 years of age to the total population).
Chinas dependency ratio fell from 68% in 1980 to 36% by 2010, but is now a concern: China
will get old before it gets rich. The recent reversal of its one-child policy reflects its
appreciation of this problem, but demographic change takes time. Indias dependency ratio
has fallen by 8 percentage points each decade since 1990faster than the 6 percentage points
it dropped between 1978 and 1990. By 2030, India could increase its workforce by 200

million, overwhelming contributions from developing and developed nations and lending it a
tremendous growth advantage.