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Saturday, May 20, 2006

Who Are the Fastest Growing Economies?

China is the fastest growing economy in the world. India is the second. I am pretty sure that many readers get this information very often.

Is this claim true? No!

This is the ranking for GDP growth rate for 2005 by countries . What do you get? Do you have a surprise? China's economic growth rate is listed as No. 17, tied with Kazakhstan at 9.1%, and India's growth rate is No. 34 at 6.2% (actually not very impressive, right?). Many other countries are developing faster than China, let alone India.

Generally, there are always some small countries' economy can grow extremely fast in some certain years. But for the country of the size of China or India, their economy can grow very fast, but it's difficult to be No. 1 or No. 2 in the world.

I post this since I found too many articles repeat China No. 1, India No. 2 stories. This claim is not accurate at least. Journalists should be responsible for their words and be as professional as possible.




India's Economical Growth Rate In The History. It is really a bad shape. Isn't it? But It's getting better in recent years(Source)

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