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India's growth has Chinese characteristics

India has always been different. While China’s private final consumption expenditure has struggled to get past 40 per cent of output in the past two decades, Indian households’ outlay on goods and services has routinely accounted for 55 per cent to 60 per cent of GDP.
Last Updated : 17 January 2024, 04:26 IST

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Graph showing the GDP comparison of India and China.

Graph showing the GDP comparison of India and China.

Credit: Bloomberg

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Published 17 January 2024, 04:26 IST

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