Country Comparison: China and India Essay

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China is the second major economy in the world and most populated country in the world with well over 1.3 billion people. Simultaneously, India is the second most heavily populated country consisting of 1.1 billion people. Although 1.1 billion people constitute a large amount of purchasing power India continues to have the world’s highest concentration of poor people. In particular, India’s economy consist of agriculture, textiles, chemicals, food processing, steel, transport equipment, and software services (Just the facts, 2006). In this paper I will discuss and compare China and India’s economy, political, out shoring, social issues, educational system, government structure, and infrastructure.
China’s Economy and the Goods and
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India’s Economy and the Goods and Services it Provides
India’s economy consisted primary of agriculture. In particular, the most important cash crops are rice, tea, wheat, spices, coffee, and sugarcane. Additionally, India exports leather, computer software, textiles, and iron ore. India’s economy “encompasses traditional village agriculture, the use of modern technology in farming, heavy industries, and a multitude of support industries” (Paban, 2009). Similar to China, India’s economy has also been transformed by continual influences. However, transformation of India’s economy is a result from industrial development. According to Paban (2009), India has seen broad-based industrial development for the last five decades.” Specifically, economic development is vital to India’s economic growth because trade barriers have been lowered and import demands have increased. However, economic development is not changing India’s high concentration of poor people.
“Despite being one of the fastest growing economies in the world, India has one of the highest number of individuals living below the poverty line. Economic growth and investment is crippled by poor infrastructure and widespread corruption. One of the most daunting tasks for
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