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Tuesday, December 14, 2010

FACTBOX - How the Chinese and Indian economies stack up

As Asia's growth titans China and India race to modernise and urbanise their countries, ties between them could be increasingly tested as they compete to realise their economic ambitions.

In both national and per capita income terms, the two countries were more or less in a dead heat two decades ago, but a mixture of policy, demographics and external factors has since catapulted China ahead.

Its economy is now nearly four times that of India's, and is widely regarded by economists as the world's second biggest economy, compared with India which was the eleventh biggest, according to World Bank figures for 2009.

But India's growth rate is now beginning to catch up to China's and its younger population, if managed well, could provide the fuel for it to close the gap in coming years.

For a related graphic, click: http://link.reuters.com/kej84p

Below are some statistics on how the two economies compare.

Gross domestic prodcut (GDP), at current prices

1990 2000 2009

China $356.9 bln $1.20 trln $4.98 trln

India $317.5 bln $460.2 bln $1.31 trln

GDP per capita, at current prices

1990 2000 2009

China $314 $949 $3,744

India $374 $453 $1,134

Annual GDP growth (percent)

1990 2000 2009

China 3.8 8.4 9.1

India 5.5 4.0 7.7

Foreign direct investment inflows, at current prices

1990 2000 2009

China $3.5 bln $38.4 bln $78.2 bln

India $236.7 mln $3.6 bln $34.6 bln

Net exports of goods and services as percentage of GDP

1990 2000 2009

China 3 11 5

India -2 4 -5

Gross domestic investment as percentage of GDP

1990 2000 2009

China 40 35 45

India 22 24 35

(Reporting by Koh Gui Qing in BEIJING and Abhijit Neogy in NEW DELHI)


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