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>India's population is within 50 million of China but has double the growth rate. What on earth are you talking about? India's growth rate in the past decade i
by eldaisfish 6y ago
>India's population is within 50 million of China but has double the growth rate.
What on earth are you talking about? India's growth rate in the past decade is nowhere comparable to China's. Even if you argue that China cooks their books, you cannot discount the volume and value of trade that China does with numerous other countries.
http://statisticstimes.com/economy/china-vs-india-economy.php http://statisticstimes.com/economy/china-vs-india-economy.ph...
>it still has a huge potential as a market and it never received enough attention
India has hordes of poorly educated and poor people combined with a minuscule middle class - a definition that is expanded to include people one financial disaster away from poverty. The real market is China, not India, with its growing middle class and easy access to the full spectrum of manufacturing needs combined with a large market.
- buran77 6y ago> India's population is within 50 million of China but has double the growth rate. The growth rate refers to the population.
- eldaisfish 6y agothanks. i misread that and assumed that growth implied economic growth. My other point stands - India's market with any meaningful purchasing power is minuscule compared to China's.
- vidarh 6y agoIndia's population growth is largely just trailing China by ~30 years. Current projections seems to suggest China's population will peak around 2030, and India around 2060. It's clear India's population will exceed China's, but it won't get all that much higher as birth rates in India are dropping with development like most other places.