Indian media Matrix reports that for decades, China has been leading the pace while India has consistently lagged behind. Now, this situation has changed.
The report states that over the past decade, India has outperformed China in six years, including every year since 2021. What was once an exception is now becoming the norm. India is increasingly taking the lead in the "growth race."
However, Matrix does not explain what happened in 2020—was it due to the election year or the impact of demonetization? Nor does it clarify why China still managed to grow that year.
Some netizens have also noted that in 2007, China achieved a growth rate of 14%, adding one trillion dollars to its economy in just one year—an achievement that stunned Obama’s America at the time. Why can’t India replicate such a growth pace?
Indian experts offer guidance: The real challenge lies in long-term population growth, specifically the total fertility rate. If India can maintain a total fertility rate of 2.1, it could sustain slow but steady growth over many years. Once we fall below 1.5, we risk ending up in China’s predicament.
Which is more impressive: 7% of India’s $4 trillion economy, or 5% of China’s $20 trillion economy?
Original article: toutiao.com/article/1873215985431808/
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