Srinivas
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Its true that India's economy today is where China roughly was between 2003 and 2004. But the difference between China and India's economy is that China throughout this period had a current account surplus while India is constantly having a current account deficit. China was growing in a period were outsourcing of jobs to poorer countries was seen as part of the natural development and China could easily export products back into those countries. Neither of the 2 is true today. So for India to grow in the future will be harder. Can India over the next decade grow at 9 to 10% a year ? Perhabs, but its difficult for me to see how that will happen. And where that growth will come from for India. And can the Indians that always say that Indians growth model is much more sustainable than China's explain why in recent years India's growth and currency has fallen so hard ?
Did you just pull those figures out of your a**? The country that has been inflating its economic prospects is the country that has seen its currency fall double digits over the past 2 or 3 years.
CCP pull those stats from its a$$ and you people follow them. Every stat originating from china is a fake.