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Article: India struggles to reach its potential.
- Article from:
- Market Asia Pacific
- Article date:
- November 1, 2005
CopyrightCOPYRIGHT 2005 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The top three economies of the world are the United States (US) with GDP of US$10.9-trillion, China at US$6.4-trillion, and Japan with an annual GDP of US$3.5-trillion.
And then there's India, generally ranked as the world's fourth biggest economy. India's GDP is US$3.0-trillion.
India's population is 1.1-billion, approximately 85 percent that of China's 1.3-billion people. But its economy is 47 percent of China's-not even half.
India's economy is unquestionably one of the fastest growing in the world. Over the decade from 1996 through 2005, India's GDP grew at an average of 6 percent per year. Over the same period, China's economy has grown at ...