Why is China ahead of India in economic growth?
Here are ten reasons, according to the experts, why China is ahead of India. #1. An authoritarian government “Once committed to a focus on economic growth, some good policy decisions were implemented quickly and efficiently.
What are the similarities and differences between India and China?
While many like to focus on the similarities between India and China, what’s more important are the differences. Most central to this article is that the two nations rely on entirely different systems of political economy. India is the world’s largest parliamentary democracy, while China is a one-party dictatorship.
What is the GDP of China compared to India in 2006?
As per IMF (International Monetary Fund) report, China was the fourth largest economy of the world by nominal GDP in 2006, where as India was 12th. China registered GDP growth rate of 14.2\% in the first half of 2007, where as India has registered a 9.6\% GDP growth in June 2007.
Is China a developed or developing economy?
China is not a developed economy. In per capita income, China is at #67 behind Mexico, Romania and Malaysia. However, it is still a success story to learn from. The two countries have roughly the same population, similar average unemployment rates and current GDP growth rates that are among the highest in the world.
Is India in a better shape than China?
On this critical dimension, India is in much stronger shape than China. By 2050, India will be the world’s largest country in terms of population by a wide margin over China, with a mind-boggling 1.7 billion people—400 million more than today.
What is the relationship like between India and China?
Both India and China are developing rapidly, and the world is watching. Although the two nations initially embraced socialist economics in the middle of the 20th century, India and China have very much gone their separate ways.
Is India’s demographic destiny better than China?
This will put massive strains on the country’s nascent welfare state and struggling health system. Demography isn’t destiny, but having a growing population with lots of working-age people is a great place to start. On this critical dimension, India is in much stronger shape than China.