India's economy 16.5 years behind China's: Bernstein research report.

India is a median 16.5 years behind China on broad business and economic parameters, according to latest research by brokerage firm Bernstein, Business Standard reported.

Bernstein measured the India-China gap by looking at various yardsticks that included patents, foreign direct investment (FDI), forex reserves, nominal gross domestic product (GDP) and exports.

When it comes to patents, the report found India is behind China by 21 years. In terms of FDI, India is 20 years behind China, 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 is 13 years behind. On gross fixed capital formation, it is 16 years behind. Therefore, it has much catching up to do, the newspaper cited the report as saying. Bernstein's analysis is based on data from...