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How are China's and India's economy growing at 9% and 7% respectively despite global slowdown/recession?

India's projected economy: http://economictimes.indiatimes.com/News/Economy/Indias_GDP_to_grow_at_65_pct_in_200809/rssarticleshow/3790822.cms China's projected economy: http://economictimes.indiatimes.com/News/Economy/Indias_GDP_to_grow_at_65_pct_in_200809/rssarticleshow/3790822.cms Please don't give me the usual "they're taking our jobs" rhetoric. I'd like a more detailed and informed answer.

Public Comments

  1. Slave labour and no health and safety provision.
  2. Because they started with nothing.....
  3. The way I understand it, this is because of their rapid development. Developing economies do not feel global recessions the way Developed economies do.
  4. child labor....they can produce 70000 pairs of socks in an hour...everybody needs socks
  5. growth data are from 2-3 months ago, and it takes time for recession to trickle down from finance to real economy, and then from US to other countries. Or they could be plain lying about their growth. Commies do that.
  6. they have been growing so quickly because they both have a huge work force willing to work at a lower wage, therfore gaining the niche as unskilled labor leaders. As they continue to get better at production of these simple goods, there economy will continue to grow. They also have a low exchange rate and trade arangments, which makes it more beneficial to purchase goods from them against another country in which you'd have to pay higher import taxes.
  7. By retraining their labour force for alternative employment. Increase internal consumption. Increasing spending on infrastructures.
  8. AD = C + I + G + (X - M) over the years china and india has been growing through foreign direct investment and exports, which are affect directly by the global economy. However the biggest part of that equation is C and this can grow without outside influence, also recently china has announced a massive stimulus package, which is an increase in G. thus these two countries are now growing through C and G, and these are not directly affected by the world economic turmoil.
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