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India cannot surpass China's GDP despite potential to become big power: Chinese daily

According to the newspaper, it is foreseeable that China's future economic growth rate may slow down slightly, but the possibility of zero and negative growth is 'almost non-existent'.

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India cannot surpass China's GDP despite the "potential" to become a big power, a state-run Chinese daily said on Thursday, underlining that "unrealistic" praise and forecasts for India are just giving an "illusory picture".

The higher projections of India's economic growth rate in comparison to China's slowing down economy has riled the Chinese official media which argues that India is far away in catching up with China's GDP.

"It is inescapably clear that India won't easily outgrow China as predicted by the West. From a macro perspective, China's gross domestic product (GDP) in 2015 was nearly $10.42 trillion, which is around five times as much as India's $2.18 trillion," an article in the Global Times said.

The daily said that it is foreseeable that China's future economic growth rate may slow down slightly, but the possibility of zero and negative growth is "almost non-existent".

"As a result, there is no possibility of India surpassing China," the article said, adding that "authors in the West never tire of choosing India to compare with China. They seem to consider that India could replace China in the near future."

"It must be admitted that India is a potential big power. But unrealistic praise and forecasts for India are just painting an illusory picture of it," the article said.

It said that though international agencies such as Goldman Sachs, Morgan Stanley and International Monetary Fund (IMF) try to "trumpet" India's advantages, India is not yet a dominant player in the international economic arena, and it has many ingrained problems."

Pointing that India's electric power, urban water supply, public transport and other infrastructure construction are lagging behind, it said the gap between India and China has not narrowed but expanded after so many years of development.

"Most of India's indicators of the level of social development today, such as life expectancy at birth, adult literacy rate, power consumption, the proportion of rural population and proportion of poverty, still remain at the level of China's at the end of 20th century," it said.

India's last year GDP grew at 7.2% while China's decelerated to 6.9% slipping below 7% for the first time in a quarter century. The government fixed this year's target at 6.5 to 7%.

In its forecast, the IMF predicted Chinese economy to further decelerate to 6.3% in 2016 and 6% for 2017, whereas for India, it has projected 7.3% of GDP in 2015-16 and 7.5% in 2016-17.  

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