China's GDP per capita is now over twice that of India's due to China adopting economic reforms over a decade earlier than India. China has relied more on industry while India's economy depends more on services. China's domestic savings and investment levels are about double those of India, contributing to China's stronger economic growth trends over time.
2. GDP Growth Trend
China’s GDP per capita is now 2.2
times higher than India’s (in USD
PPP terms). Until the early 1990s,
GDP per capita in China and India was
at comparable levels, but China
adopted wide-ranging economic
reform one decade earlier than India.
For its economic development, China
has relied on industry and India on
services. China’s ratios of domestic
savings and investment to GDP are
roughly double those of India’s.
20 50000
16 35315.0
40000
31214.0
12 27602.0 30000
24497.0
Exchange Rate 22813.0 8.5 8.4
21077.0 7.9
7.5
CNY 7.915 -- 1 USD 8 20000
5.8
INR 46.187 -- I USD 4.4
3.8
4 10000
0 0
00-01 '01-'02 '02-'03 '03-'04 '04-'05 '05-'06 '06-'07(E)
GDP (Rs Bn) GDP Growt h
Source: Economic Data from CMIE, Risk Analysis
3. GDP : Sectoral Contribution
INDIA China
Agriculture
Agriculture 15%
21%
Services
32%
Services
52%
Industry
27%
Industry
53%
Source: Economic Indicators from Websites,