Economic Transformation of China and India

A Comparative Political Economy Perspective

Research output: Contribution to journalArticle

Abstract

The purpose of this study is to analyse the transformation of the Chinese and Indian economies since pro-market reforms were undertaken in 1978 in China and in 1991 in India. India is being projected amongst international financial institutions as one of the ‘success stories’ of pro-market reforms and is likely to emerge as a giant economy in the 21st century. This article takes a contrarian position. China, on the other hand, has done better. Such perceptions about India have been boosted by its high growth rate over the last three decades. This study is important because the growth and diversification of these economies could have special significance due to the sheer amount of demographic and economic resources, and indeed future potential growth prospects of these regions and could well affect the course of global economic affairs. The study has found that the China’s reform process shows how growth potentials have been realised into actual growth and the country has been able to successfully expand industries, which resulted in providing employment to millions of the people. However, India’s experience has been far less successful in expansion of manufacturing and employment creation.
Original languageEnglish
Article number4
Pages (from-to)43-60
Number of pages17
JournalAsian Profile
Volume47
Issue number3
Publication statusAccepted/In press - 22 May 2019

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Economic Transformation of China and India : A Comparative Political Economy Perspective. / Siddiqui, Kalim.

In: Asian Profile, Vol. 47, No. 3, 4, 22.05.2019, p. 43-60.

Research output: Contribution to journalArticle

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