China VS India

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CHINA AND INDIA ,[object Object],[object Object],[object Object],[object Object]

Development Strategies: China (1949 –1978) -India (1947 –mid 1980’s) ,[object Object],[object Object],[object Object]

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“ GDP Growth 2000 to 2050” Source: Goldmann Sachs: The Path to 2050 -8- 0 5000 10000 15000 20000 25000 30000 35000 40000 45000 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050 [2003 bn US Dollars] Germany Brazil Japan Russia

Structural Change ,[object Object],[object Object]

China – Economic Fact Sheet GDP – Real Growth Rate: 9.8% (2008) 13% (2007) Gdp-per Capita (PPP): $6,000 (2008) $5,500 (2007) GDP – Composition By Sector: Agriculture: 10.6% Industry: 49.2% Services: 40.2% (2008)

GDP- Real Growth Rate: 6.6% (2008) 9% (2007) Gdp – Per Capita (Ppp) $2,800 (2008) $2,700 (2007) Gdp – Composition By Sector: Agriculture: 17.2% Industry: 29.1% Services: 53.7% (2008) India – Economic Fact Sheet

“ SECTOR-WISE BREAK-UP” -12-

Comparing India and China’s Growth Stories Indicators India China Political System Multi-party Democracy One-party authoritarian rule Speed of Growth Economic reforms started in 1991. Average 6% growth rate in past two decades. Economic reforms started in 1978. Average 9.5% growth rate in past two decades. Areas of Specialization Rising power in software, design, services, and precision industry. Dominant in mass manufacturing, electronics and heavy industrial plants

Indicators India China Gini index (standard measure of inequality) 36.8 47.0 (up 10 points from 15 yrs ago) Foreign Direct Investment 6.8% (up from 0.3% in 2004) 17.8% Future Areas of growth R&D, bio-technology, high-value IT enabled services (legal, medical, engineering architecture), manufacturing, agro-based industry IT business, services and continued manufacturing

Impact of Global Economic Crisis and Response: ,[object Object],[object Object],[object Object],[object Object]

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China VS India

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China VS India