Comparing The Economic Growth Of India And China Since The...

Compare the economic growth of India and China since the Millennium. India and China, the two dragons constantly fighting with each other, both historically and economically. Although China appears to indulge in the media’s thoughts, perhaps India has been slowly but surely closing the gap or even taking the edge. China has converted itself from a closed, centrally planned system to a more market-centred one that has a major global role. To illustrate this, it became the world’s largest exporter in 2010. These reforms began with moving away from agriculture, and expanded to the increased autonomy for state enterprises, the growth of the private sector, the development of their stock exchange, the movement towards the modern banking system and transparency to foreign trade and investment. However, these changes, of course, did not happen over night. China has implemented these reforms in a gradual way. On the other hand, India has been doing much better now than in 2013. 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