Comparing China and India Indias GDP growth faster

Comparing China and India

India’s GDP growth faster than China’s in 2015 -2017

In 2019, China’s Economy ($14. 34 trillion) is five times the size of India’s ($2. 88 trillion)

China’s net inflows of FDI ($155. 8 B) is more than three times that of India ($50. 6 B) in 2019

Compare China and India - Population • China and India are comparable in surprisingly few areas besides total population size (1. 4 b vs. 1. 37 b) • India has a much younger population than China’s. • Median age of 28. 7 versus China’s 38. 4 • Total fertility rate is also much higher in India. • 2. 22 children per woman versus China’s 1. 69 • Malnutrition is more prevalent among Indian children. • 33. 4% of children under the age of five are underweight in India • 2. 4% for China

Compare China and India – Diversity • India is a much more diverse society than China • Ethnic groups • India: Indo-Aryan 72%, Dravidian 25% • China: Han Chinese 92%, plus 55 other officially recognized ethnic groups • Official languages • India: Hindi most widely spoken (44%) plus 22 other official languages • China: Chinese with various dialects, plus ethnic minority languages • India: Federal system and parliamentary democracy • China: Unitary system and Communist party-state

Compare China and India: economic structure GDP China India Employment China India Agriculture 7. 9% 15. 4% Agriculture 27. 7% 47% Industry 40. 5% 23% Industry 28. 8% 22% Service 51. 6% 61. 5% Service 43. 5% 31% * Arable land 11% in China and 53% in India

Survey in 2014: Free Market Economy Better

Variation in reregulation China India textile • Dismantled the Ministry • Sector associations govern market activities • Strictly regulates production and retail • Prohibits FDI telecommunications • Ended state monopoly in 1993 • State-owned carriers operate basic services • A centralized Ministry manages infrastructural development and market access across subsectors • Completely liberalized services and equipment by the early 2000 s