Your eyes aren't deceiving you!
Even after we adjust for purchasing power parity, China's per capita income barely cracks into the top 100, at #92.
Ecuador, which was a wonderful experience at tourist prices that even I could afford, is ahead of China!
So, why are we then so obsessed with economic growth rates in India and China? Perhaps because we are always looking for some boogeyman?
Meanwhile, reports about India's economy are getting gloomier by the day. The Times of India says that "India may become first 'fallen angel' among BRIC countries."
Somebody better inform the politicians about these!
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