International business China and India
Chinas population is 1.351 billion, china’s GDP 8.227 trillion USD. However Indians population is about 1.237 billion, Indian GDP $1.85 Trillion
Gross domestic product (GDP) grew at an annual rate of 7.7% in the October-to-December period, down from 7.8% in the previous quarter. But it was still higher than the government's target rate of 7.5%. China is trying to maintain strong growth while rebalancing its economy. China has said it wants to move away from an investment-led growth model to one driven by domestic consumption.
India GDP growth $1.859 trillion
China: GDP (purchasing power parity): $12.61 trillion (2012 est.) $11.7 trillion (2011 est.)
$10.7 trillion (2010 est.)
India: GDP (purchasing power parity): $4.761 trillion (2012 est.) $4.579 trillion (2011 est.)
$4.25 trillion (2010 est.)
note: data are in 2012 US dollars
Foreign Direct Investment in India increased to 2203 USD Million in April of 2014 from 2133 USD Million in March of 2014. Foreign Direct Investment in India averaged 968.10 USD Million from 1995 until 2014, reaching an all-time high of 5670 USD Million in February of 2008 and a record low of -60 USD Million in February of 2014. Foreign Direct Investment in India is reported by the Reserve Bank of India.
Other sources of economic power
Other sources of economic power for China: About 17 percent of China's electricity came from renewable energy sources in 2007, led by the world's largest number of hydroelectric generators. China had a total installed capacity of hydropower of 197 GWatt in 2009. Technology development, in particular investment in renewable energy technologies and installations, increased markedly throughout the 2000s in China. Investment in renewable energy is now part of China's economic stimulus strategy. Researchers from Harvard University and Tsinghua University have found that the People's Republic could meet all of its electricity demands from wind power by 2030. In March 5, 2012 report that China will end the "blind expansion" into wind and solar energy, instead developing nuclear power, hydropower, and shale gas. Other sources of economic power for India: As of December 2011, India had an installed power generation capacity of 233.929 GW as of December 2013, of which thermal power contributed 68.31%, hydroelectricity 17.05%, other sources of renewable energy 12.59%, and nuclear power 2.04%. India meets most of its domestic energy demand through its 106 billion tons of coal reserves. India is also rich in certain alternative sources of energy with significant future potential such as solar, wind and biofuels (jatropha, sugarcane). India's dwindling uranium reserves stagnated the growth of nuclear energy in the country for many years. Recent discoveries of natural uranium in Tummalapalle belt, which promises to be one of the top 20 of the world's reserves, and an estimated reserve of 846,477 metric tons (933,081 short tons) of thorium – about 25% of world's reserves – are expected to fuel the country's ambitious nuclear energy program in the long-run. The Indo-US nuclear deal has also paved the way for India to import uranium from other countries.
Predicted economic power compared to EU and USA
A new U.S. intelligence assessment says China is expected to surpass the United States as the leading economic power by 2030, but the U.S. will remain a top world leader. The assessment was released Monday by the National Intelligence Council of the Office of the Director of National Intelligence. It predicts that Asia will surpass North America and Europe combined in terms of indices of overall power - in gross domestic product, population size, military spending and technological investment. The report says the world will see an expanding middle class by 2030 and for the...
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