Economics India And China
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Title: Economics India And China

Essay Details:

Subject: Business
Author: David S
Date: January 6, 2015
Level: University
Grade: A
Length: 2 / 347

Essay text:

It is seen that before 1980 economic growth in India and China (measured in terms of growth rate of income per capita by calculating purchasing power parity) was relatively slow. However, after 1980 the economic growth in both the economies picked up pace; but the growth in China took place more rapidly than the growth in India. This is depicted diagrammatically in Figure (1) overleaf. Today, China has a considerably higher per capita income than India. Weisskopf (1975) also mentions that industrialization ‘kick-started’ growth in the Chinese economy which resulted in GDP growth rates of 4-6% in the period from 1952-1970...

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