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13 Parameters to Compare India and China

20-FEB-2017 18:57

 

India has become the fastest growing economy of the world. The size of Indian economy is $US 4.99 trillion while china stands at $US13.39 trillion in terms of PPP. In this article we have compared these two super powers of the world with the help of authentic data. Let’s have a look on the economic data of these two giant economies of the world.

1. Area

A. India

Total: 3,287,263 sq km

Land: 2,973,193 sq km

Water: 314,070 sq km

B. China

Total: 9,596,960 sq km

Land: 9,326,410 sq km

Water: 270,550 sq km

india-and-china-map

image source:Jagranjosh

2. Population

A. India

Total Population: 1,236,344,631 (July 2014 est.)

B. China

 Total Population: 1,355,692,576 (July 2014 est.)

india-china-population-comparison

image source:StatisticsTimes.com

3. Age Structure

A. India: Age structure: 

0-14 years:             28.5% (male 187,016,401/female 165,048,695)

15-24 years:          18.1% (male 118,696,540/female 105,342,764)

25-54 years:           40.6% (male 258,202,535/female 243,293,143)

55-64 years:            7% (male 43,625,668/female 43,175,111)

65 years and over:  5.8% (male 34,133,175/female 37,810,599) (2014 est.)

B. China: Age structure

0-14 years:          17.1% (male 124,340,516/female 107,287,324)

15-24 years:        14.7% (male 105,763,058/female 93,903,845)

25-54 years:        47.2% (male 327,130,324/female 313,029,536)

55-64 years:         11.3% (male 77,751,100/female 75,737,968)

65 years and over:  9.6% (male 62,646,075/female 68,102,830) (2014 est.)

india-china

image source:EastBound88.com

List of Top Five Debt Ridden Country of the World

4. Population Growth Rate         

A. India: 1.25% (2014 est.)           

B. China: 0.44% (2014 est.)

5. Life Expectancy at Birth

A. India               

Total Population: 67.8 years

Male: 66.68 years

Female: 69.06 years (2014 est.)

B. China

Total Population: 75.15 years

Male: 73.09 years

Female: 77.43 years (2014 est.)

6. Expenditures on Education & Health                

A. India: 5.1% of GDP (2015-16)

B. China:  7.2 % of GDP (2015-16)

7. Labor force - by occupation

A. India

Agriculture: 49%

Industry: 20%

Services: 31% (2012 est.)             

B. China

Agriculture: 33.6%

Industry: 30.3%

Services: 36.1%

indian-Labour-force-by-occupation

image source:google.com

8. Unemployment Rate (2015-16)

A. India: 5%

B. China: 4.2%

9. SIZE of Economy in Terms of Gross Domestic Product (in terms of purchasing power parity)

A. India : $4.99 trillion (2013 est.)

B. China : $13.39 trillion (2013 est.)

GDP of China at PPP terms is 2.39 times more than compare to nominal basis. This ratio of India is 3.60.

india-and-china-gdp-per-capita

image source:Livemint

10. GDP Growth Rate (2016)

A. India: 7.3%

B. China: 6.6%

India defeated the china in terms of fastest growing country of the world. Now India is the world leader in terms of growth rate of GDP.

11. Gross Domestic Product Composition

A. India:

Agriculture (17.9%), Industry (24.2%) and Services (57.9%)

B. China: Agriculture (9.7%), Industry (43.9%) and Services (46.4%)

china-economy-composition

image source:Inchin Closer

Service sector is the backbone of the Indian economy while it is manufacturing sector for the economy of china.

12. Debt to GDP Ratio:

A. India: 69% of GDP

B. China: 43.9% of GDP

It means India is more debt ridden country as compare to china.

india-china-debt

image source:tradingeconomics.com

13. Defense Budget:

A. India: 1.93 lakh crore

B. China: Rs. 5.85 lakh crore

defence-budget-china-india

image source:image source:Quora

Nature of Indian Economy: Structure and Key Features

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