On the basis of the given data, comment upon the annual growth of Gross Domestic Product (GDP) of India and China. Annual Growth of Gross Domestic…

The given data indicates that China gained economic strength after the reforms initiated in late $\displaystyle 1970$’s. When many developed countries were finding it difficult to maintain a growth rate of even $\displaystyle 5$%, China was able to maintain near double-digit growth during the decade of 1980s. The growth rate of China has decelerated to $\displaystyle 6.8$% in $\displaystyle 2015$-$\displaystyle 17$ and further to $\displaystyle 3.0$% in 2022. Whereas; India had maintained a reasonable growth rate of $\displaystyle 5.7$% in the decade of $\displaystyle 1980$’s, it has shown remarkable progress by registering an annual growth of Gross Domestic Product of $\displaystyle 7.3$% and $\displaystyle 7.0$% respectively in $\displaystyle 2015$-$\displaystyle 17$ and 2022.