Finance, Forex and Investments

what is the fastest growing economy in the world? China or india?

Public Comments

1. china
2. China, so fast it's scarey.
3. China is the fastest at the moment
4. Its China
5. CHINA
6. Fastest economic growth - China Fastest population growth - India
7. China in volume and percentage
8. China
9. china
10. Map of the top ten fastest growing economies: http://www.mapsofworld.com/world-top-ten/world-top-ten-fastest-growing-economies-map.html China only ranks #2 in the world in growth rate via GDP per capita, and India isn't even in the top 10. Population growth is one thing, but if 80% of your population lives in poverty, the country as a whole isn't growing economically. Examples of per capita GDP from the CIA World Factbooks: China GDP - per capita (PPP): $6,800 (2005 est.) India GDP - per capita (PPP): $3,400 (2005 est.) USA GDP - per capita (PPP): $41,600 (2005 est.) UK GDP - per capita (PPP): $30,100 (2005 est.)
11. India is growing at average 8% for the past 4 years and at 8.9% for the past 3 quarters of fiscal year and china is growing at over 9% for the past 25 years. China has witnessed growth rate in double digits also while India was never that fortunate. China is taking the lead from India only because india's agricultural policies are not sound and India is yet to trudge many miles in manufacturing sector whereas china's manufacturing sector is highly developed. India is better or at least equal to china in services sector. only the times to come will determine who becomes the world power. Acording to one estimate, the share of the US in world GDP is expected to fall (from 21 per cent to 18 per cent) and that of India to rise (from 6 per cent to 11 per cent in 2025), and hence the latter will emerge as the third pole in the global economy after the US and China. By 2025 the Indian economy is projected to be about 60 per cent the size of the US economy. The transformation into a tri-polar economy will be complete by 2035, with the Indian economy only a little smaller than the US economy but larger than that of Western Europe. By 2035, India is likely to be a larger growth driver than the six largest countries in the EU, though its impact will be a little over half that of the US. India, which is now the fourth largest economy in terms of purchasing power parity, will overtake Japan and become third major economic power within 10 years
12. I'LL GO WITH FITZS ANSWER
13. china . they have more resources and their technology is far more advanced
14. COMPETING GIANTS Population (2002): China 1.28 billion; India 1.05 billion Population Growth Rate percent (2002): China 0.87; India 1.51 Infant Mortality per 1,000 live births (2002): China 27; India 61 Average Annual Real GDP Growth Rate percent (1990-2000): China 9.6 : India 5.5 Foreign Direct Investment (2001): China $44.2 billion; India $3.4 billion Population in Poverty (2002): China 10 percent; India 25 percent Labor Force (1999): China 706 million; India 406 million Fixed Lines and Mobile Phones per 1,000 people (2001): China 247.7; India 43.8 Size of Diaspora: China 55 million; India 20 million
15. Some very interesting answers. I would have thought that China's economy is currently the fastest growing in the world as it is purchasing a higher percentage of the world's natural resources.