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E Fact India
9.4
9.2
8.8
Millions
8.6
8.4
8.2
7.8
2011-12 2012-2013 2013-14 2014-15 2015-16
Biases in Perception
Chinas credit rating was upgraded from A+ to AA- in December 2010 while Indias has re-
mained unchanged at BBB-. From 2009 to 2015, Chinas credit-to-GDP soared from about
142 percent to 205 percent and its growth decelerated. The contrast with Indias indicators
is striking.
Poor Standards: Ratings Agencies - China and India
210 China 11 210 India 11
190 190
10 10
170 170
AA- 9 AA- 9
6 6
90 Credit /GDP 90
BBB- BBB-
GDP growth(RHS)
70 5 70 5
2009 2010 2011 2012 2013 2014 2015 2016 2009 2010 2011 2012 2013 2014 2015 2016
xii Economic Survey 2016-17
100
90
80
70
60
50
40
30
20
10
0
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Eight Interesting Facts About India xiii
India's Distinctive Demographic Dividend
Indias share of working age to non-working age population will peak later and at a lower
level than that for other countries but last longer. The peak of the growth boost due to
the demographic dividend is fast approaching, with peninsular states peaking soon and the
hinterland states peaking much later.