GDP Comparison of India and China

The early civilizations of China and India emerged prior to 600 CE in what is known today as the continent of Asia. With the Himalayan mountains in between them, these civilizations developed in isolation from one another, and yet still managed to produce kingdoms with continuous growing populations to this day. Individual growth and development amongst the people stimulated technological inventions, increased the chances of survival and lead to: greater agricultural production, strong armies, and expansion. Eventually, these commodities and other luxury items produced will be traded, spurring the economic growth of both civilizations. Overall, these early stages of development not only furthered contact amongst these two great empires allowing for cultural diffusion, but also set the foundation for future generations to follow. Although China and India’s growing empires took place in different parts of the world, the structure of their economies developed similarly, beginning with an agricultural infrastructure and progressing towards trade within and beyond the kingdoms, while also acquiring distinctive cultural differences overtime such as a social hierarchy defined by certain beliefs. These characteristics will define the beginning and the advancement of early economic systems used during the Foundations Era and Classical Age, and provides insight on the essentials that influenced the two economic

The purpose of this essay is to compare and contrast the government and economies of four countries in Asia: China, India, Japan, and Korea. Topics that will be discussed are their governments, economies, resources, and citizens.

There would be many possible implications on the Chinese economy if they expanded their infrastructure investment. Expanding infrastructure investment may increase Chi-na's attractiveness as a destination for FDI. Other countries such as India have to com-pete for the same investment; China and India have similar comparative advantage’s i.e. low labour costs however an investment on infrastructure could put China at an advantage as firms would rather allocate in a destination with a better infrastructure. If firms decide

China, the largest growing market in the world, currently has a policy regarding monetary regulation that allows the Yuan to “float”. This has seen the Yuan appreciate by approximately 24% over the past few years. Today, the exchange rate between the Chinese Yuan and the American Dollar is approximately 6.3 Yuan to 1 Dollar. Some argue that China should revalue the Yuan again the dollar, establishing a more fixed exchange rate. Others believe that current should allow

Since July 21, 2005, China has adopted a managed floating rate regime based on market supply and demand with reference to a basket of undisclosed currency. The daily trading price of the U.S. dollar against RMB in the foreign exchange market will be allowed to float within a band of +/->0.3% around the central parity published by People’s Bank of China. The signal was initially interpreted by the international market as an indication that China would embark on a gradual shift toward increased flexibility which eventually adopt a floating exchange rate regime where the RMB will appreciate much against US dollar. However, they soon

China and India are the two countries that have the highest population in the world. Both countries have realised that family planning and population control had to happen around the 1950's for India and the 1970's for China. This essay will seek to compare and contrast China and India, focusing on what the major problems facing both are, why have they both had to implement policies regarding population control, and the long-term and short-term effects that these policies have on the two countries.

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

In the 11 years, the international economic situation has undergone great changes; pegging the RMB exchange rate formation mechanism type has become increasingly unsuited to China 's economic reform and development requirements. It is demonstrated by the defects are:

From April to June 2005, India’s GDP grew at 8.1 per cent, compared with 7.6 per cent in the same period the year before. More impressively, India is achieving this result with just half of China’s level of domestic investment in new factories and equipment, and only 10 per cent of China’s foreign direct investment…

The rapid economic growth trends demonstrated by China and India are currently at the height of debate amongst world leaders and economists. According to “Dancing with Giants: China, India, and the Global Economy”, edited by L. Alan Winters and Shadid Yusuf (2007), these countries are very unique in that their economic patterns of growth continue to increase and sustain momentum over an extended period of time while dealing with growing populations. The fact that these countries have illustrated a sustained pattern of growth means that they are beginning to, or have already shifted the balance of power within the global community; however, many scientists believe that this trend has shown negative side effects within the social and political settings because inequalities within both regions continue to rise. In Dancing with Giants: China, India, and the Global Economy (2007) the author states that, “Chinese and Indian authorities face important challenges in keeping their investment climate favorable, their inequalities levels at intervals that do not undermine growth, and their air and water quality at acceptable levels” (8). In a discussion, I will deconstruct the effects of China and India’s economic growth on social inequalities.

In 1994 the Chinese government made the decision to peg the RMB to the US dollar at a rate of US$1 to RMB8.7, a year later the Renminbi appreciated 5% and was revalued to RMB8.28. This rate would remain unchanged for the next 10 years, even though the Chinese faced heavy scrutiny and pressure to revalue their currency. The Chinese exercised many policies in maintaining their exchange rate. The PBoC controlled the amount of foreign currency by forcing all exporters to immediately sell their foreign currency to designated banks. The RMB could only be traded on the China Foreign Exchange Rate

The two countries that we are going to compare are India and China. The greatest contrast among Indian China is the level of development in both nations. Advancement can be seeing more in India than in China and the struck me the most. There could be many variables causing this distinction. To begin with, let 's examine the differences in the government of meat country. Since the meaning of time, the Chinese government is continuing to do things their way heavily influencing what happens in the country. They have inumerous laws that directly or indirectly cause a standstill with innovation. The majority of the things our state possessed in China bus to begin something intends to first get every one of the clearances from the government, which is extremely troublesome. Conversely, Indian government advances development by

The FDI & FII mantra is considered an all-purpose panacea for the ills of the Indian economy and society. It has become routine for our finance ministers to "showcase" India in various international forums and exhort the global captains of industry and commerce to come to India. We here want to know about the far-reaching implications of FDI in our economy and, particularly, how it can stifle economic growth.

China has emerged in the last fifteen years due largely to free market reforms and expanded international trade. China is now the top exporter in the world. China 's economy has grown from $3 trillion in 2000 to $8.7 trillion in 2009. In 2009, China 's economy grew 8.7% while the U.S. economy shrunk 2.4%. China will soon become the largest economy in the world, surpassing the United States.

Theoretically speaking there are three main types of exchange rates. The first type of exchange rate is the floating exchange rate. According to Sloman (2015, p. 457) a floating exchange rate system can be defined as “When the government does not intervene in the foreign exchange markets, but simply allows the exchange rate to be freely determined by demand and supply”. The second type of exchange rate is the fixed exchange rate whereby the government fixes its currency to that of another currency. Most countries which have a fixed exchange rate system usually fix their currency to the US dollar. The Chinese currency can be said to be a “managed floating exchange rate regime” (Spence.,2015) which