Home
Subhas Chilumula's Library tagged → View Popular
GDP growth: India way behind America :: ICC Austin :: India Community Center
- Assuming that Indian economy continues to maintain the current growth rate, it would take another 61 years for the country to catch up with the current economic level of the United States. "Not in your lifetime," he told an audience, comprising mainly college students. - subhasreddy on 2006-07-28
t15_dec05.pdf (application/pdf Object)
-
China, India growth rates:
81-90: 9.1, 5.9
91-00: 10.3, 5.5
2000: 8.0, 3.9
2002: 8.3, 4.6
2003: 9.3, 8.2
2004: 9.5, 6.4 - subhasreddy on 2006-07-28
Organiser - Content
-
As may be seen from Table II, China's GDP rose from
$ 202 billion in 1980 to $ 1,252 billion in 2002, indicating a growth rate of 8.6 per cent per annum. During the same period, India's GDP rose from
$ 172 billion to $ 499 billion, indicating a growth rate of 4.9 per cent per annum which was less than two-third of the growth rate for China's GDP. This much faster growth rate of China's GDP was mainly due to two factors: i) a high growth rate in agriculture due to high priority to agriculture in the reforms introduced in 1978; and ii) the high growth rate in investment in the entire economy facilitated by the savings being at a high 41 per cent of the GDP.
Between 1980 and 2002, China's per capita Gross National Product (GNP) rose from $ 280 to $ 940 indicating a growth rate of 5.7 per cent per annum (Table III). During the same period, India's per capita GNP rose from $ 250 to $ 480, indicating a growth rate of 3.0 per cent per annum which is about half of the growth rate of China's per capita GNP. This waas due to two factors, viz. (i) China's high growth rate of GDP and ii) China's low growth rate of population.
- subhasreddy on 2006-07-28
-
As may be seen from Table II, China's GDP rose from
$ 202 billion in 1980 to $ 1,252 billion in 2002, indicating a growth rate of 8.6 per cent per annum. During the same period, India's GDP rose from
$ 172 billion to $ 499 billion, indicating a growth rate of 4.9 per cent per annum which was less than two-third of the growth rate for China's GDP. This much faster growth rate of China's GDP was mainly due to two factors: i) a high growth rate in agriculture due to high priority to agriculture in the reforms introduced in 1978; and ii) the high growth rate in investment in the entire economy facilitated by the savings being at a high 41 per cent of the GDP.
The Nonsense Of GDP Growth
- In India, GDP growth was 5.58 per cent per annum during 1991-2001. When we examine sectoral rates, we find that agricultural growth rate was as low as 2.85 per cent per annum, manufacturing growth was 4.01 per cent per annum and services sector grew at 7.41 per cent per annum. Since poor households in India depend mostly on low growth activities such as agriculture and industries for their subsistence, it is no surprise that this 5.6 per cent per annum GDP growth has completely bypassed them. Benefits of 7.4 per cent per annum growth in the services sector have remained concentrated with the elite. - subhasreddy on 2006-07-28
DNA - India - India 12th wealthiest nation in 2005, says World Bank - Daily News & Analysis
-
US, Japan, Germany, 12.5, 4.5, 3;
China 2.2; Britain, France, Italy - about 2 each;
Spain, Canada, Brazil, South Korea, about 1 each;
India, 12th, 0.8 trillion. - subhasreddy on 2006-07-28
1 - 9 of 9
Showing 20▼ items per page
Selected Tags
Related Tags
Sponsored Links
Ads by Google
Top Contributors
Groups interested in GDP
Diigo is about better ways to research, share and collaborate on information. Learn more »
Join Diigo