Documente Academic
Documente Profesional
Documente Cultură
third largest by purchasing power parity (PPP). The independence-era Indian economy (before and a little after 1947) was inspired by the economy of the Soviet Union with socialist practices, large public sectors, high import duties and lesser private participation characterizing it, leading to massive inefficiencies and widespread corruption
Fiscal year
1 April 31 March GDP $1.846 trillion (nominal: 9th; 2011) $4.469 trillion (PPP: 3rd; 2011) GDP growth 8.5% (201011) GDP per capita $1,527 (nominal: 135th; 2011) $3,703 (PPP: 127th; 2011) GDP by sector agriculture: 18.1%, industry:26.3%, services: 55.6% (2011 est.)
Inflation (CPI) 6.55% (January 2012) Population below poverty line 37% Labour force 487.6 million (2011 est.) Unemployment 9.8% (2011 est.) Main industries : telecommunications, textiles, chemicals, food processing, steel, transportation equipment, cement, mining, petroleum, machinery, software, pharmaceuticals
is the world's second largest economy after the United States. It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years. economic reforms initiated after 1978 began to generate significant and steady growth in investment, consumption and standards of living
Currency:
Renminbi (RMB) Unit: Yuan (CNY) Fiscal year: 01 January to 31 December GDP : $7.301 trillion nominal: 2nd $11.31 trillion PPP: 2nd GDP growth : 9.5% GDP per capita: $5,184 (nominal: 90st; 2011) $8,394 (PPP: 90th; 2011)
GDP by sector:
industry (46.8%), services (43.6%), agriculture (9.6%) (2010) Inflation (CPI) 4.9% (January 2011) Gini coefficient 41.5 Labour force 780 million (1st; 2010) Unemployment 4.2% (July 2010) Main industries: mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel
Making an in depth study and analysis of India vs. China economy seems to be a very hard task.
Both India and China rank among the front runners of global economy. Both the countries were among the most ancient civilizations and their economies are influenced by a number of social, political, economic and other factors. However, if we try to properly understand the various economic and market trends and features of the two countries, we can make a comparison easily.
Facts
GDP growth
Per capital GDP Inflation Labor Force Unemployment
India
8.90%
$1124 6.55 %
487.6 million 9.8%
China
9.60%
$7,518 5.1%
780 million 4.2%
Fiscal Deficit
Foreign Direct Investment Gold Reserves Foreign Exchange Reserves World Prosperity Index Mobile Users Internet Users
5.5%
$12.40 billion 15% $2.41 billion 88th Position 842 million 123.16 million.
21.5%
$9.7 billion 11% $2.65 trillion 58th Position 687.71 million 81 million
Agriculture
Agriculture is another factor of economic comparison of India and China. It forms a major
economic sector in both the countries. However, the agricultural sector of China is more developed than that of India. Unlike India, where farmers still use the traditional and old methods of cultivation, the agricultural techniques used in China are very much developed. This leads to better quality and high yield of crops which can be exported.
IT/BPO
One of the sectors where Indi enjoys an upper
hand over China is the IT/BPO industry. India's earnings from the BPO sector alone in 2010 is $49.7 billion while China earned $35.76 billion. Seven Indian cites are ranked as the world's top ten BPO's while only one city from China features on the list
economy much before India. This strengthened the economy to a great extent. On the other hand, India was a little slow in embracing globalization and open market economies. While India's liberalization policies started in the 1990s, China welcomed foreign direct investment and private investment in the mid 1980s. This made a significant change in its economy and the GDP increased considerably.
Company Development
Tax incentives are one area where China is lagging behind India. The Chinese capital market lags behind the Indian capital market in terms of predictability and transparency. The Indian capital or stock market is both transparent and predictable. India has Asia's oldest stock exchange which is the BSE or the Bombay Stock Exchange. Whereas China is home to two stock exchanges, namely the Shenzhen and Shanghai stock exchange. As far as capitalization is concerned the Shanghai Stock Exchange is larger than the BSE since the SSE has US$1.7 trillion with 849 listed companies and the BSE has US$1 trillion with 4,833 listed companies. But more than the size what makes both these stock exchanges different is that the BSE is run on the principles of international guidelines and is more stable due to the quality of the listed companies. In addition to this the Chinese government is the major stake holder of most of its State-owned organizations hence the listed firms have to run according to the rules and regulations laid down by the government. Hence India is ahead of China in matters of financial transparency.
Total Import and Export 2837.6 Value Import and 228.9 Export Balance
India's neglect of the basic infrastructure Indian policy makers, and some economists India's agricultural sector