The Chinese leadership attempts another experiment:
http://online.wsj.com/article/SB10001424052702304795804579100640245613408.html
http://online.wsj.com/article/SB10001424052702304795804579100640245613408.html
Meanwhile, BRICs guru Jim O’Neill states:
“…China is in effect
creating another India every two years -- making a mockery of those who’ve
argued that India’s democratic model is more likely to deliver long-term
economic success. China is already more than four times bigger than its
southern neighbor. India’s economy won’t rival China’s for a very long time, if
ever.”
Ouch!!
There is the possibility that India's official GDP may be understating the true size of the economy. See the current issue of The Economist for an interesting piece on India's GDP value:
http://www.economist.com/news/asia/21586891-activities-out-sticks-may-add-more-gdp-was-thought-hidden-value
There is the possibility that India's official GDP may be understating the true size of the economy. See the current issue of The Economist for an interesting piece on India's GDP value:
http://www.economist.com/news/asia/21586891-activities-out-sticks-may-add-more-gdp-was-thought-hidden-value