StudentShare solutions
Triangle menu

China Versus India Economic Growth - Research Paper Example

Nobody downloaded yet

Extract of sample
China Versus India Economic Growth

In terms of per capita GDP, India is way behind China with only $1124 compared to China’s $7518. (Runckel, 2002) China has a remarkably well developed infrastructural system. A number of prime factors that have developed a vast difference between the two countries’ economies, this include; labor development, manpower, water management, communication, healthcare services and facilities and also civic amenities (Zeng & Bigsten, 2006). All these key aspects become clearly defined in China, a nation that has placed positive impacts in the country's economy turning it to a leading in the world (Runckel, 2002). Although India has in the recent times grown and developed tremendously, it still faces problems such as unemployment, poverty, lack of civic amenities and many more. Unlike India, China has continued investing large amounts toward the development of manpower and strengthening of its infrastructure (Chow, 2001). Furthermore, in the sector of manufacturing, China is way ahead of India. In terms of world rankings, China is the third largest nation in manufacturing just behind America and Japan (InternationalMonetaryFund, 2006). India is at the distant 12th and this point out to the fact that its success in expanding the nation’s service industry is yet to be seen in the sector of manufacturing (Zeng & Bigsten, 2006). China was quick in embracing globalization and other open market economies. While the liberalization of India’s policies started in the early 1990s, China had by the mid 1980s welcomed Direct Foreign Investment and also private investment (Chow, 2001). This introduced a significant change in the country’s economy and its Gross Domestic Product increased considerably (Zeng & Bigsten, 2006) Nevertheless, India enjoys a large upper hand over China in the sector of IT/ BPO (Runckel, 2002). India’s documented earnings from the BPO sector in 2010 alone were $49.7 billion, while China’s earnings were $35.76 billion (InternationalMonetaryFund, 2006). In the world’s top ten BPO list, seven India cities feature prominently while only a single city from China is on the list (Runckel, 2002). Also, despite China being one of the Socialist countries, it started towards the match to liberalization of its economy way ahead of India. This strengthened its economy to a great deal (InternationalMonetaryFund, 2006). China is also lagging behind India in tax incentives. Its capital market lags behind India’s capital market in terms of transparency and predictability (Zeng & Bigsten, 2006). India’s stock market is highly transparent and predictable. India possesses Asia’s oldest stock exchange, The Bombay Stock Exchange. China is home to both Shanghai and Shenzhen stock exchange (Zeng & Bigsten, 2006). As far as the issue of capitalization gets concerned, Bombay Stock Exchange is smaller than Shanghai Stock Exchange. Shanghai Stock Exchange holds $1.7 trillion with about 849 listed companies while Bombay Stock Exchange owns $1 trillion with close to 4833 listed companies (InternationalMonetaryFund, 2006). In spite the size that makes the two different, BSE operates on the principles of global guidelines and is highly stable because of the quality of the listed corporations (Runckel, 2002). Over the years, both these two ...Show more


China versus India Economic Growth Name: Institution: China versus India Economic Growth In the recent times, there are two main successes that stand out; China and India. These two nations are just by their size, economic giants, and as they grow in the recent years, it is quite obvious that their continuous transformation will have significant effects, not just to them but the entire global community…
Author : cassidy14
China Versus India Economic Growth essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"China Versus India Economic Growth"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

China Economic Growth Since 1949
China Economic Growth Since 1949 Impressive economic achievements of the PRC are second largest in the world. Republic of china is the fastest growing economy having consistent growth rates of around 10% over the past 30 years. China is largest exporter and 2nd largest importer worldwide.
9 pages (2250 words) Research Paper
China and India: Their Development Paths of and Obstacles to Sustainable Growth
This research is being carried out to evaluate and present various challenges that have faced and are likely to face India and China in their objective to be developed countries. These include sectorial imbalances evidenced by higher contributions of its services sector to its GDP compared to its manufacturing sector.
19 pages (4750 words) Research Paper
Effects of tourism on economic growth in China
Over the last 20 years, the Chinese economy has witnessed tremendous growth. Numerically there has been even faster growth in international tourism sector. The data from SAM matrix, were used in creating the type II input-output model that enables to approximate the “direct, indirect and the induced” effect of international tourism on the economy.
10 pages (2500 words) Research Paper
Rise of Emerging Third World Powers:China, India and Brazil
The economic situation of U.S.A is not sustainable and an attempt made by them to suspend this belief is not working abroad. One economist quoted that, “One can delay, but no one can forestall the unwind of a multi decade credit bubble” (Lendmen, 1). There were economic reports released which showed that the GDP growth of U.S slowed to 1.6 % in the 2nd quarter from 3.7 % in the first quarter.
4 pages (1000 words) Research Paper
Role of Rapid Economic Growth in Resolution of Social and Political Tensions Between China and India
According to the essay, China and India have not only emerged as economic superpowers during last decades, but also displayed potential of qualitative improvement of the social and political interactions between the countries. The mutual interest of the countries contributed to the cause. Trade ties and bilateral co-operation acted as the catalyst.
8 pages (2000 words) Essay
Is the rise of China, India, and Brazil, a consequence of the decline of the U.S
One economist quoted that, “One can delay, but no one can forestall the unwind of a multi decade credit bubble” (Lendmen, 1). There were economic reports
4 pages (1000 words) Research Paper
China: Why has China shifted course so frequently in its post-1949 quest for political integration and economic growth and with what consequences for China
The year 1949 saw major changes occur in the political and economic history of China. As the People’s Republic of China was established, under the leadership of Mao Tset-tung, the hopes of the
7 pages (1750 words) Research Paper
Brain Drain and Brain Gain In Asia (India, South Korea, China)
Many developed and developing countries in Asia such as China, India, and South Korea have recorded tremendous success in transforming their brain drain into brain gain. Over the years, many foreign professionals have been recorded in the U.S, with a
8 pages (2000 words) Research Paper
China's economic growth
However, China has now put into place five principles that were articulated through the Chinese Premier Zhou Enlai in 1953, which were
4 pages (1000 words) Research Paper
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us