Here we will discuss about some of the factors that shows the real picture of an economy such as economic growth, currencies, military, inflation, quality of life and GDP. The giants have their own problem. Being partners makes them even stronger as their alliance makes them develop faster in comparison to their solitary development.
Some countries are against the communist regime in China; nevertheless they do not put away the hope to change it. Differences include, Han China had a bigger role in political theory than Gupta India. Therefore, if we compare in near future India might grow rapidly than China as the working population will be high in India.
As China deals with foreign companies working on its territory and finances this companies million of people living in China get jobs and therefore increase their incomes, stabilizing the economy, too. This numeral exceeds the economic increase of the developed countries in 4 times, the rate of growth of world economy in 3 times and the economic growth of the developing countries in 2 times.
The Giants will become larger players in the world financial system as they grow and liberalize. China provided almost 9 percent of the increase in world exports of goods and services second only to the United Statesand 8 percent of the increase in imports also second to the US.
Among the countless amount of these factors the most important ones, excluding the economical growth is — in the first place the population. Therefore, if there is any global financial crisis India is at a safer side. Unlike Han China, Gupta India did not place as much emphasis on political theory.
India is good in service sector such as IT and China is good at manufacturing sector, since manufacturing companies require a lot of labor there is no employment problem in China as in compared to India. The reason that makes the USA pay a lot of attention toward the economical and political development of China is very important: Consumer spending plays an essential role in Indian economy compared to China.
As it is common knowledge that India is good at producing technological products the country itself decided to make an accent on this particular field. The boldest predictions state that soon India us going to catch up with China and their partnership will become the strongest economic alliance that has ever existed.
Whereas, China is a fully dependent upon its export and FDI. Certainly, both of the countries have put serious efforts into the development of economy, nevertheless they also posses other characteristics that distinguish these two countries from the others.
Due to the surplus in China it has contributed to the building of foreign exchange reserves and while in India they have to wait for foreign capital inflow to finance its deficit.
The contemporary world with constant economic difficulties has stimulated a lot of countries to develop economically and politically. As the current account is surplus in China and whereas, in India the current account is deficit.
Whereas, in China the dependent population is very high as the life expectancy rate is very high. In China, prosperity has been widely shared but the political freedom is still not there.
If we look at both the economies, India is more favorable because there is high domestic consumption and they are not dependent upon others. The population of the country is a labor reserve of any country. All the predictions are reduced to viewing the XXI century as the century of Asian economic and political expansion.
The population of India is 1,1 milliard people4[Jha, 64]. Get Full Essay Get access to this section to get all help you need with your essay and educational issues. Other countries participating in the world economic activity may take advantages from cooperation with China and India. The Giants will contribute to the increase in world commodity.China and India are countries with outstanding history and traditions this will make an awesome addition to the economical expansion, making them more reliable, then young countries.
India with its world-class textile industry, technologies and machinery is a brilliant partner to China, with its an accent over heavy and light industries. This essay will seek to compare and contrast China and India, focusing on what the major problems facing both are, why have they both had to implement policies regarding population control, and the long-term and short-term effects that these policies have on the two countries.
While both Han China & Gupta India had imperial administration there were some similarities and differences between the two civilizations.
Similarities include, both of the civilizations flourished during this classical period of their history in various ways. India vs China Essay Sample. India and China are the two giant economies and they are the major players in the world economy.
Both the economies are growing tremendously at a skyrocketing pace and these economies have their own specialty. INDIA and CHINA: AN ESSAY IN COMPARATIVE POLITICAL ECONOMY MEGHNAD DESAI PAPER FOR IMF CONFERENCE ON INDIA/CHINA, DELHI, NOVEMBER INTRODUCTION: India and China are two of the oldest.
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CAC between India and China When analyzing cultural traditions and innovations, economic relationships, and social classifications and expectations during/between the periods of classical China and classical India.Download