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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 ...
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 ...
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.
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]
China and India, which represent more than one-third of the global population, became neighbors only after the Chinese Communist Party annexed Tibet in 1951. Today, China and India need to find ...
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database.
India's GDP growth during January–March period of 2015 was at 7.5% compared to China's 7%, making it the fastest growing MAJOR economy. [8] [9] During 2014–15, India's GDP growth recovered marginally to 7.3% from 6.9% in the previous fiscal. During 2014–15, India's services sector grew by 10.1%, manufacturing sector by 7.1% & agriculture ...
Indian GDP growth rate from 1985 to 2016 in red, compared to that of China in green. From 2010, India has risen from ninth-largest to the fifth-largest economies in the world by nominal GDP in 2019 by surpassing UK, France, Italy and Brazil. [191] India started recovery in 2013–14 when the GDP growth rate accelerated to 6.4% from the previous ...