The Economist magazine compares India and China over 13 metrics. China is far ahead on most of the statistical comparisons with longer life expectancy, more literacy and a better economy.
The most recent 2011 Indian census statistics show an improvement in the literacy rate to 74% in India.
China’s hidden economy adds another 25% to the official GDP numbers.
China’s households hide as much as 9.3 trillion yuan ($1.4 trillion, 2010) of income that is not reported in official figures, with 80 percent accrued by the wealthiest people according to a Credit Suisse Equities Research Study
* the money is mostly illegal or quasi-illegal equates to about 30 per cent of China’s gross domestic product
* The average urban disposable household income in China is 32,154 yuan (2010), or 90 percent more than official figures
The University of Pennsylvania has adjusted the purchasing power parity GDP numbers for both countries
China is estimated at 11.3 to 11.6 trillion (2009).
India is estimated at 4.15 trillion (2009).
China has grown by about 20% from 2009 and would be 13.5 to 13.9 trillion.
India has grown by about 16% from 2009 and would be nearly 5 trillion.
India’s 2011 census provisional results
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Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com
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He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
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