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Tuesday, September 5, 2017

India Vs China: A comparison of economic growth

Comparison between Indian and Chinese Economy

Economy Size
Chinese economy: USD 11.22 trillion.
Indian economy: USD  2.45 trillion.
GDP Growth Rate
India’s GDP growth for June (2017) quarter was at 5.7 percent.
China's GDP growth for  second quarter (2017) was at 6.9 percent.
Trade
China's July (2017) trade balance was $46.74 billion.
India's July (2017) trade deficit was $11.49 billion.
India-China Bilateral Trade
India's trade deficit with China was at USD 46.56 billion (2016).
China's exports to India totaled USD 58.33 billion (2016).
India's exports to China was at USD 11.76 billion (2016).
Gold Reserves
China's gold reserves rose to $75.084 billion (Latest data).
India's gold reserves rose $19.94 billion (Latest data).
Forex Reserves
India's forex reserves was $3.081 trillion (Latest data).
China's forex reserves for July USD 394.55 billion (Latest data).
Unemployment Rate
The registered unemployment rate in Chinese cities stood at 3.95 percent at the end of the second quarter (2017), the lowest level in recent years.
India's number of employed in August (2017) was at 4.4%

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