Link - https://twitter.com/RnaudBertrand/status/1765026438150078810

China says it'll grow its economy by 5% this year. That is, it'll add 6.3 trillion RMB to its 2023 GDP of 126 trillion RMB. This is worth USD 880 billion.India is forecasted to grow its economy by 6.5% in 2024 but that's from a $3.7 trillion base, meaning it'll grow its economy by $240 billion this year.

This means China'll grow its economy by an amount 3.7 times larger than India's growth! Which means that, contrary to what many might think, despite a faster growth rate, India isn't catching up with China at all: it's China that's widening the distance ahead of India! At current growth rates it takes India 3.7 years to grow its economy by how much China's economy grows in just 1 year...

China however is catching up with the US in nominal terms (it's already overtaken the US long ago in PPP terms): the US is forecasted to grow its economy by 2.1% this year from a $27.36 trillion base, which means $575 billion in absolute terms, which is much less than China's $880 billion... Put another way, at current growth rates it takes China a bit more than 7 months to grow its economy by the amount the US grows in 1 year.