Which is a better country India or China?

Still, China has India beat when comparing economies. Currently, China’s economy is estimated to be five times larger than India’s. China also continues to have higher economic growth rates each year as well as a higher overall GDP and income per person.

Is China or India’s economy stronger?

China’s Economy is Four Times Larger Than India’s Economy The GDP of India is close to $1.5 trillion. At the same time, the GDP of China is close $7 trillion. The economy of China is at least 4 times as big as the economy of India.

In which field India is better than China?

Experts are of the opinion that India has performed better than China in the financial sector. Indian bond market is known as one of the most liquid in Asia, which is well regulated by the RBI and is fully electronic. India is known as one of the best countries in the world in the way the financial sector is managed.

Which country per capita income is better than India?

Bangladesh’s per capita income is now $280 higher than India’s per capita income which is $1,947. “Our per capita income stands at $2,227 in the fiscal year 2020-21, but the previous fiscal year’s per capita income was $2,064.

Why did China grow faster than India?

While economic reforms might explain some of the differences, China outpaced India because (1) the economy was privatized faster; (2) prices were released faster; (3) the labor market underwent much deeper reforms; (4) the economy was opened up to international trade and foreign direct investment (FDI) faster and to a …

Is Japan poor than India?

India has a GDP per capita of $7,200 as of 2017, while in Japan, the GDP per capita is $42,900 as of 2017.

Is Bangladesh richer than India?

Theoretically speaking, India has slipped behind Bangladesh in terms of per capita income because very recently, Bangladesh reported its per capita income to be $2,227 in the 2020-’21 financial year which is almost a 10% increase from $2,064 in 2019-’20.

Can India Become Next China?

By 2050, India will be the world’s largest country in terms of population by a wide margin over China, with a mind-boggling 1.7 billion people—400 million more than today. Over the next 35 years, its dependency ratio will actually decline from a bit over 50 percent today to a bit under 50 percent in 2050.

Can India become a superpower?

India is considered one of the potential superpowers of the world. This potential is attributed to several indicators, the primary ones being its demographic trends and a rapidly expanding economy and military. In 2015, India became the world’s fastest growing economy with a 5% estimated GDP rate (mid year terms).