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China implemented economic reform in 1978, and from 1979 to 2023, the country's GDP growth rate grew by an average of 8.93% per year in the 45 years since its implementing economic reform. According to preliminary data released by the authorities, China's GDP in 2023 was CN￥126.06 trillion (US$ 17.89 trillion [ 31 ] ) with a real increase of ...
For the first time since 1990, India grew faster than China which registered 6.9% growth in 2015. [needs update] However the growth rate subsequently decelerated, to 7.1% and 6.6% in 2016–17 and 2017–18 respectively, [192] partly because of the disruptive effects of 2016 Indian banknote demonetisation and the Goods and Services Tax (India ...
As of 2022, Chinese state media reported the country's total fertility rate to be 1.09. [3] China was the world's most populous country from at least 1950 [4] until being surpassed by India by 2023. [5] [6] By one estimate, in 2023 China's population stood at 1.409 billion, down from the 1.412 billion recorded in the 2020 census. [7]
To overtake China as the biggest contributor to global growth in the next five years, India must achieve a sustained growth rate of 8%, Barclays analysts wrote in an October report. The IMF ...
Excerpt from Home Minister Sardar Patel's letter to Prime Minister Jawaharlal Nehru, November 7, 1950 India established diplomatic relations with the PRC on 1 April 1950, the first non-communist/socialist nation in Asia to do so. Pakistan continued to recognize the ROC until 1951. The relationship between India and a newly communist China started out on an optimistic note. Jawaharlal Nehru ...
Despite Chinese President Xi Jinping's decision not to attend this week's Group of 20 summit in India, Beijing says that relations between the two nuclear-armed Asian giants remain “generally ...
Countries by real GDP growth rate in 2023 (IMF WEO database 2024) This article includes lists of countries and dependent territories sorted by their real gross domestic product growth rate; the rate of growth of the total value of all final goods and services produced within a state in a given year compared with the previous year.
[10] [11] In 2017 its population growth rate was 0.98%, ranking 112th in the world; in contrast, from 1972 to 1983, India's population grew by an annual rate of 2.3%. [ 12 ] In 2023, the median age of an Indian was 29.5 years, [ 13 ] compared to 39.8 for China and 49.5 for Japan; and, by 2030; India's dependency ratio will be just over 0.4. [ 14 ]