Rapid economic growth since 1980 has made China by far the richer of the two, with a nominal GDP (per the IMF estimate for 2019) nearly five times that of India ($14.1 trillion versus $2.9 trillion). In 2019, China’s per capita average, measured in terms of purchasing power parity, was (according to the IMF) more than twice as high as India’s ($20,980 versus $9,030).
