In terms of size of economy in nominal dollar terms, India today is where China was in 2005. (I'm not sure I have it in constant dollars). In terms of growth rate, China was clocking 10-11% growth rates around 2005, India is today at 7.5-7.8%. In terms of trade, China's exports of goods and services in 2005 were 37% of GDP (World Bank http://data.worldbank.org/indicator/NE.EXP.GNFS.ZS/countries?page=1 ). India's today (2013) is 25.2% of GDP. Incidentally, China's today (2013) is 26.4% of GDP. China's foreign exchange reserves reached a trillion dollars in October 2006. India's today are around $350 billion. China was running huge trade surpluses, India is running at a deficit.
China's growth around 2005 was very much export-led. I'm not sure how to characterize India's growth.
In 2005, China's domestic credit to the private sector was 113% of GDP. Today (2013) India's is 52% of GDP. ( http://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS )
China's growth around 2005 was very much export-led. I'm not sure how to characterize India's growth.
In 2005, China's domestic credit to the private sector was 113% of GDP. Today (2013) India's is 52% of GDP. ( http://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS )
