Cnbc
@cnbc·4.2M subscribers·16.1K videos
How India's Economy Is Growing At A Faster Pace Than China
Posted
April 19, 2019
Views
642,987
Likes
10,107
Comments
2,784
Engagement
2.00%
April 19, 2019
642,987
10,107
2,784
2.00%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
China's economy might get more attention, but India's is outpacing its neighbor in economic growth. In fact, India came in as the world's fastest growing large economy during 2018, according to the IMF. India's prime minister faces criticism for a lack of job creation and the workforce remains largely in the informal sector. This year, India is in the midst of an important election. Beyond recent tensions with Pakistan, the economy is a key campaign issue.
Indian voters are deciding on their next prime minister and one key issue that could sway voters is how much Prime Minister Narendra Modi has done with the country's economy.
India's economy is the fastest growing large economy in the world. The United Nations expects India's current population of 1.3 billion to keep growing and surpass China by 2024.
However, the country is facing a few obstacles.
A few years ago, Prime Minister Modi, promised to add 10 million jobs to help boost the economy.
That hasn't really happened. The unemployment rate now sits at a 45-year high. And GDP per capita, which is a measure of wealth across a country, lags behind rivals like China by a wide margin.
Can India keep growing at such a fast pace? And if it does, at what cost?
» Subscribe to CNBC
» Subscribe to CNBC TV
» Subscribe to CNBC Classic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news
Follow CNBC on LinkedIn
Follow CNBC News on Facebook
Follow CNBC News on Twitter
Follow CNBC News on Instagram
#CNBC
#India
#China
How India's Economy Is Growing At A Faster Pace Than China's
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
