Answer the following question based on the information given below.
FEI for a country in a year, is the ratio (expressed as a percentage) of its foreign equity inflows to its GDP. The following figure displays the FEIs for select Asian countries for the years $1997$ and $1998$.
China’s foreign equity inflows in $1998$ were $10$ times that into India. It can be concluded that
- China’s GDP in $1998$ was $40\%$ higher than that of India.
- China’s GDP in $1998$ was $70\%$ higher than that of India.
- China’s GDP in $1998$ was $50\%$ higher than that of India.
- No inference can be drawn about relative magnitudes of China’s and India’s GDPs