Chinas GDP is projected to stay flat in 2014 at 7.7 per cent, slowing to 7.5 per cent for the next two years, reflecting deleveraging and less reliance on policy-induced investment. India’s growth is projected to rise to over 6 per cent in FY 2014-15, increasing to 7.1 per cent by FY 2016-17 (World Bank 2014). China alone accounts for three-quarters of the 2011 share.