The country's nominal GDP of USD 18 trillion is roughly six times that of India. China has historically had a larger population. And in the previous decade, China's real GDP growth outpaced India's by over 1.5 percentage points annually.
Now in 2019, China is almost 4.61 times richer than India in nominal method and 2.30 times richer in ppp method. Per capita rank of China and India is 72th and 145th, resp, in nominal. Per capita rank of China and India is 75th and 126th, resp, in ppp.
Now, China's economy is about five times larger, with a GDP of $17.7 trillion versus India's GDP of $3.2 trillion.
China's defence budget is more than three times the size of India's defence budget, which is 5.25 lakh crore (about USD 70 billion) for 2022. In the year prior, China's defence budget, for the first time, surpassed 200 billion USD. In 2021, the defence budget was increased by 6.8% to US$ 209 billion.
Hence according to him, the Indian security forces stand nowhere close to countering the Chinese man-machine warfighting capabilities in case of an outright conventional or nuclear war in which the strength, bravery, and valor of the Indian soldiers cannot match the PLA's superiority and domination in the seven crucial ...
India has overtaken China as the world's most populous country, according to UN population estimates, the most significant shift in global demographics since records began.
India has been one of the least happy countries in the world in recent years. It was ranked 126 out of 137 countries surveyed, according to the 2023 edition of the World Happiness Report released yesterday (March 20). It was placed worse than neighbors like Nepal, China, Bangladesh, Pakistan, and others.
Moreover, India's real GDP growth will be over 2 percentage points higher than China's every year over our forecast horizon.
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 ...
China may be strong in manufacturing and infrastructure and India in services and information technology, but the latter's manufacturing industry is becoming globally competitive, while China's technology sector threatens to match India's in a decade.
What is India's position when measured on the basis of per capita income? India has GDP per capita of $2,200. In 2021, India was ranked 145th in a list of 193 countries for which data was available. India was placed above Kenya and below the Solomon Islands.
6- India: According to the IMF, India has the world's sixth-largest economy. According to the most recent IMF projections, the economy was worth $3.18 trillion in the financial period 2020-21 and is predicted to reach $5 trillion by 2027.
Thus, the richest countries in the world are those with the highest GDP per capita. Currently, the richest country in the world in terms of GDP per capita is Luxembourg, with a GDP per capita of $135,700. Other wealthy countries include Bermuda, Ireland, and Switzerland, all with GDP per capita above $80,000.
India to overtake China as world's most populous country in April 2023, United Nations projects.
India is densely populated because of the following reasons. Availability of water: People prefer to live in areas where freshwater is easily available. India has numerous river systems like the Ganga, Godavari, Krishna and Kauvery that support the growth of population.
India will overtake United States to become world's second-largest economy by 2075: Goldman Sachs. Banking giant Goldman Sachs has made some surprising yet fruitful predictions for India's economy.
Both countries are members of international bodies including the UN, BRICS, G20 and SCO. Russia has stated that it supports India receiving a permanent seat on the United Nations Security Council.
Pakistan has collaborated with China in extensive military and economic projects, seeing both as counterweights to an Indian-Western alliance. Pakistan has also served as a conduit for China's influence in the Muslim world. China also has a consistent record of supporting Pakistan in regional issues.
"If you had a full war between India and Pakistan, not just skirmishes on the border, India would start winning," said former US ambasador Dennis Kux, who has served in both India and Pakistan. "And at a certain point Pakistan, rather than going under, would push the button," he said on CNN's The Capital Gang show.
Rapid modernisation, and a focus on high technology, have allowed East Asia to register rapid economic growth. The region is home to some of the world's most affluent nations and sees high standards of living.
Australia became ASEAN's first Dialogue Partner in 1974. Through major ASEAN-led arrangements, such as the East Asia Summit, ASEAN Regional Forum, ASEAN-Defence Ministers' Meeting-Plus, we collaborate closely and on the region's trade and economic agenda.