India's economy 16.5 years behind China's, says Bernstein research report

According to International Monetary Fund (IMF) estimates, India should move into fourth place by 2025 and third by 2027 with an economy size of $5.4 trillion

India is a median 16.5 years behind China on broad business and economic parameters, according to latest research by Bernstein which suggested that the country has much catching up to do.

The brokerage firm looked at various yardsticks that included patents, foreign direct investment (FDI), forex reserves, nominal gross domestic product (GDP), and exports.
 

Its report found that India is behind China by 21 years when it comes to patents, 20 years in FDI, 19 years in forex reserves, and 17 years in exports. On nominal GDP and per capita income, India is 15 years behind. In consumption expenditure, it