Chinese-Dragon
RETIRED TTA
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- Jul 9, 2010
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BTW Chinese GDP growth was 7.4 this quarter. India GDP is 1.85 Trillion in 2012 and now growth rate is 4.7.
Just because your growth is 7 + and GDP is 9 trillion it doesn't mean that your GDP growth will remain same...and India will always stay at 1.8 trillion with 4% growth rate..
Even 1% growth of a $9.3 trillion economy is more than 4% growth of a $1.85 trillion economy. Get a calculator and try it yourself.
That's how much of a difference the base economic size means.
And we are not growing at 1%, we are growing at an average rate of 7.5%.
It is simple logic. We have a larger base economy and a faster rate of growth, that means the gap will increase over time.