Data released by the Statistics Bureau of India on Wednesday (February 28) showed that in the fourth quarter of last year, India's economic growth was 7.2%, better-than-expected, a marked recovery from 6.5% in the third quarter of last year and the highest level in five quarters. It seems that India's economy has gradually got rid of the shackles of the "Demonetisation" and it has regained its vitality under the "Goods and Services Tax Bill (GST)" moderated by Prime Minister Modi. Prime MinisterModi, who focuses on next year's general election, will be relieved by the economic recovery.The previously announced 2018 government budget shows that the Indian government will substantially increase spending on rural areas to build new roads, housing and sanitation facilitiesand electrificationin rural areas. It is to hope that he can win the support of more rural voters. The economic recovery is undoubtedly the icing on the cake.It can also partly offset the recent outburst of the state-owned bank's high price fraud in India that worries the world about investment in India. Although India, as one of the two largest developing countries in the world, has a disparity with China in many aspects, yet, because of its great potential, the world is regarded as the most powerful country that is most likely to replace China as a source of growth for emerging markets. According to the latest figures for 2017, the population of India has risen to 1,326 million while the population of China has reached 1,380 million. In contrast, the growth rate of the population in India is much higher than that of China, and the number of its population is 30 to 50 million people a year increase. In addition, the population of young people in India is more than that in China, while the population of new-born population in China is decreasing year by year and aging is accelerating. It should be emphasized that China can not ignore the future challenges of India.