Growth rate of 8.5% to be sustained for 13 years to reach China level

Montek-Singh-AhluwaliaTwo of the world's fastest growing economies are India and China. China on one hand has proved to the world that it is the manufacturing superpower, while India has always shown potential in fields like IT and Trade.

India, after the recession has again attained the growth levels of 8.5% and has projections of a strong 9 percent rate.

The levels of 8.5% will have to be sustained for another 13 years, if India has to reach the per capita income of China.

Planning Commission deputy chairman Montek Singh Ahluwalia is of a different view altogether and says that the countries should focus on their own development without looking at each other.

He further added that the growth should be sustained for as long as possible for India to emerge as a world superpower, and the policies of trade need to be tweaked also. India also has the advantage that the world superpowers in order to curtail the China's superpower status might support India.

India for a long time has been rated as the second fastest growing economy in the world.