Comparing China and India Indias GDP Growth Rate

Comparing China and India

India’s GDP Growth Rate Overtook China’s in 2015

In 2017, China’s Economy ($12. 2 trillion) is 4. 7 times the size of India’s ($2. 6 trillion)

China’s net inflows of FDI ($168 B) is also more than four times that of India ($40 B)

Compare China and India - Population • China and India are comparable in surprisingly few areas besides total population size (1. 4 b vs. 1. 3 b) • India has a much younger population than China’s. • Median age of 27. 9 versus China’s 37. 4 • Total fertility rate is also much higher in India. • 2. 4 children per woman versus China’s 1. 6 • Malnutrition is more prevalent among Indian children. • 43. 5% of children under the age of five are underweight in India • 3. 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 (41%) plus 14 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 8. 3% 15. 4% Agriculture 27. 7% 47% Industry 39. 5% 23% Industry 28. 8% 22% Service 52. 2% 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