I have seen this set of data: looking at the export value of goods, India lags behind China by 17 years; Looking at the total amount of foreign exchange reserves, India lags behind China by 19 years; Compared to the actual amount of foreign direct investment utilized by the two countries, India is only equivalent to China from 2003 to 2004, lagging behind by 20 years.
Observing the research patents of China and India, India lags behind China by at least 21 years. The authenticity of these values has not been verified by Nansheng and is for your reference only. But this reminds me of another question worth paying attention to, which year is the level of India's economy comparable to that of our country?
Focus on comparing economic scale and per capita GDP
Taking the GDP of China and India in the past year as an example, India's economic scale in 2023 is approximately 288.3 trillion rupees, or 3.49 trillion US dollars. There is no exact matching year, the closest is 2007, with China's GDP reaching $3.55 trillion.
The previous year, in 2006, China's GDP was 2.75 trillion US dollars - you're right, it skyrocketed from 2.75 trillion US dollars to 3.55 trillion US dollars in just one year. Based on this calculation, India's economy is at least 16 years behind China's, please note the word "at least".
Looking at per capita GDP, India's GDP in 2023 is $2500. The closest year was 2007, with a per capita GDP of approximately $2700 in China, compared to $2100 the previous year.
You see, although India's economic scale and per capita GDP are relatively close to China's level in 2007, which is at least 16 years behind. But at that time, China's economic growth rate exceeded 10%, far higher than India today - currently hovering between 7% and 8%.
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