Essay Example on India China Economic Growth
ESSAY ON CRITICALLY EVALUATE THE MAIN CATALYSTS TO GROWTH IN CHINA AND INDIA.
India with about 1.2 million populations and china with about 1.3 billon population are two big demographic and emerging countries in the world .Over a past few decade India’s combination into the economic has been accompanied by remarkable economic growth (World Bank 2011¬).India is having the 3th position on the economy in purchasing power parity (PPP) terms (The Economic Times, 2012). India’s total GDP (gross Domestic Product) growth was 5.5% in 2012 and inflation rate is was .........(The Economist, 2012) .According to government of India poverty has been decline from 37.2% in 2004 to 29.8% in 2010 (world bank 2011).The major economic growth sectors include service, agriculture, textile and handicrafts and manufacturing. However, over 66% people from rural area is steel depends on agriculture (Economy watch 2010).
China’s evolution from planned economy began in 1978, after economic reform China experienced rapid economic and social development.GDP growth about 10% a year has pulled more than 600 million people out of poverty and became a second largest economic country in the world is playing tremendous role on world economy .China’s gross national income per capita of $4,940 ranked 114th in the world in 2011.How ever over 170 million people still lives below the $1.25 a day so china is still second position on the poverty after India (World Bank, 2011). GDP (gross Domestic Product) growth was 7.6 % in 2012 and inflation rate is was .........(The Economist, 2012) .
China and India have some key common elements like, geographically, same continent, Neighbour country, demographically, they are "giants", long history .Their economic growth is also similar with each other but they have a major different on political system. India is having democratic and China is having bureaucratic system. The economic growth in India and china investigated very different and competitive
India with about 1.2 million populations and china with about 1.3 billon population are two big demographic and emerging countries in the world .Over a past few decade India’s combination into the economic has been accompanied by remarkable economic growth (World Bank 2011¬).India is having the 3th position on the economy in purchasing power parity (PPP) terms (The Economic Times, 2012). India’s total GDP (gross Domestic Product) growth was 5.5% in 2012 and inflation rate is was .........(The Economist, 2012) .According to government of India poverty has been decline from 37.2% in 2004 to 29.8% in 2010 (world bank 2011).The major economic growth sectors include service, agriculture, textile and handicrafts and manufacturing. However, over 66% people from rural area is steel depends on agriculture (Economy watch 2010).
China’s evolution from planned economy began in 1978, after economic reform China experienced rapid economic and social development.GDP growth about 10% a year has pulled more than 600 million people out of poverty and became a second largest economic country in the world is playing tremendous role on world economy .China’s gross national income per capita of $4,940 ranked 114th in the world in 2011.How ever over 170 million people still lives below the $1.25 a day so china is still second position on the poverty after India (World Bank, 2011). GDP (gross Domestic Product) growth was 7.6 % in 2012 and inflation rate is was .........(The Economist, 2012) .
China and India have some key common elements like, geographically, same continent, Neighbour country, demographically, they are "giants", long history .Their economic growth is also similar with each other but they have a major different on political system. India is having democratic and China is having bureaucratic system. The economic growth in India and china investigated very different and competitive