India Improving

While India’s economy is growing at 7.3%, China’s at 6.8%, and ours at 2.4%, India’s GDP is just $2 trillion, the same size as Italy’s while China’s is $10.4 trillion and ours is $17.4 trillion. At these growth rates, China grows by $700 billion/year, we by $450 billion/year and India by $150 billion/year. Moreover, China takes in 9% of world exports, India just 2%. India remains too small to matter.