The IMF projects that China's real GDP per person will be 57,163 yuan in 2017 and 60,334 yuan in 2018 and that India's real GDP per person will be 98,028 rupees in 2017 and 104,191 rupees in 2018

Given,

CHINA

Real GDP per person in 2017 = 57,163 Yuan

Real GDP per person in 2018 = 60,334 Yuan

Growth rate = [(Real GDP per person in 2018 - Real GDP per person in 2017)/Real GDP per person in 2017] * 100

= [(60,334 - 57,163)/57,163] * 100

= 5.55%

So, The growth rate of real GDP per person in China is 5.55%.

Number of years = 70/Growth rate of real GDP per person = 70/5.55 = 12.61 years

So, China would be able to double its real GDP per person in approximately 13 years.

INDIA

Real GDP per person in 2017 = 98,028 rupees

Real GDP per person in 2018 = 104,191 rupees

Growth rate = [(Real GDP per person in 2018 - Real GDP per person in 2017)/Real GDP per person in 2017] * 100

= [(104,191 - 98,028)/98,028] * 100

= 6.29%

So, The growth rate of real GDP per person in India is 6.29%.

Number of years = 70/Growth rate of real GDP per person = 70/6.29 = 11.13 years

The India would be able to double its real GDP per person in approximately 11 years.

By maintaining their current growth rates, India would be first to double its standard of living.

It will be able to double its standard of living by Year 2029.