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I won't categorize China as an efficient economy. An efficient economy would be that of Germany and Japan. China still have a lot of rooms to improve.
Our economy has bottomed out. The worst is behind us .
And by the way, the day Pakistan will surpass India's growth, it will find itself within India.
By efficieny I mean policy making- ability to conceive and execute policies without worrying about several other political factors that democracies like India see. CHina represents a benchmark of high efficiency there because of it's executive government. In general the consensus is that the 'tradeoff' can be upto 2%. So if China is at 11% and if India is at 8-9%, it is acceptable. Below that level, you will find people getting critical here, you will also see that those periods represent high political tension (like right now) where because of political factors the growth has dramatically slowed down.
Actually, India growth rate is suppose to surpass China's in 2009. And guess what, it didn't happen. So you have the popular projection of when India will surpass China, which is still 2-3 years out that India will consistently outpaced China. Since this prediction begin about 8 years ago, it have no come to pass. I won't hold my breath until India start to grow faster than China consistently.
Also, these early proponents that India will surpassed China is now disgusted with India. Some people such as Fareed Zakaria had called India the most disappointing countries out of BRICS and even proposed that Indonesia replace India in BRICS.
If bottom out means that the bottom has fallen off, than I would agree with you. India's growth rate is getting smaller and smaller by the quarter.
India has nothing to worry. India's economy growth is always projected to surpass China's in the next 2-3 years.
India is growing less than 5% annually,and from a very low base。
India's dollar GDP has stagnated at about 1.8-2.0 trillion dollars for God knows how many years while in the same time span China's has doubled,with the result that the Chinese economy,including Hong Kong and Macau but excluding Taiwan, will be 5 times India's by the end of this year。
China will continue to expand at rates above 7.5% for the next 10 years,while India will be lucky to average 6% in the next 5 years。
???no one died in INdia during the 3 years???at any type predict, no one can add 1 year age/yearOur average life span was 64 yrs in 2011, 65 in 2012 and by the year end it should be 66yrs.