How can India surpass China economically?


How can India surpass China economically?

Gross domestic product:

The gross domestic product is the market value of final goods and services produced within the economy within the given time period. It is the summation of consumption, investment, government expenditure and net exports etc.

Answer and Explanation:

India will surpass china economically such that it would be in a better position in the creation of the infrastructure which is promised by the Chinese today. According to Dr. Raghuram Rajan, India is growing continuously whereas the growth rate is slow in china so if this happens then India would surpass China in the development of infrastructure. In 2017, India becomes sixth-largest in gross domestic product whereas China becomes the second largest in gross domestic product. Besides the free trade agreements, there is a lot of things which is need to be done and apart from business, the social sector is another way. And, youth moving from one country to another country can also have a stronger impact. India is investing funds at many places and there is a lot of things need to be done on the trade side so the tariff comes down.

Learn more about this topic:

Gross Domestic Product: Definition and Components

from Economics 102: Macroeconomics

Chapter 4 / Lesson 3

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