India and China: A Comparison of Economic Growth and Development

India and china are two countries that create experienced a rapid growth in world over the past few decades. Each of the two countries has a existence in excess of one billion people and combined they sympathize over one-third of the world?s population. As the population of these two countries has grown dramatically, so move over their economies. In fact, their economies have developed so quickly that many economists have designate China and India as the world?s next study powers. Although the economies of these two emerging superpowers continue to grow they each positioning unique contends in maintaining sparing constancy. (Chen, Kuan-I, 3)Achieving these levels of economic growth and haveing locating as emerging world powers was not easy for India or China. ?The present governments in both countries inherited economies torn by partition in the case of India and civil strife in China and exploited by foreign colonial interests.? (Chen, Kuan-I, 3)India was improvement with the difficult task of rebuild their scrimping after sweet their emancipation from the British. Freedom from colonial rule presented the newly main(a) Indian state of matter with many opportunities as well as challenges. The main challenge India faced was creating a viable economy that could maintain constancy without foreign assistance. China sought to gain economic stability after civil war had plagued the nation.

The Chinese Communist caller inherited this complicated task when they stimulate the better of the superpatriotic Party and gained control over Mainland China in 1950. forw ard the Communist Party could implement any ! economic reforms they world-class had to unify a kingdom that had been in unrest for years. The governments of India and China were each faced with the complicated task of rebuilding their economies during the recent 1940?s and early 1950?s. While each country had identical goals and expectations for economic development they were led by contrasting... If you fate to get a full essay, order it on our website: OrderCustomPaper.com

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