Difference Between China And India

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INTRODUCTION India and China are two of the oldest and still an existing civilizations .India and China are today the ‘engines’ of growth in the rapid economic and political evolution in the global economy. The economies of India and China are influenced by a number of factors like political,economic,social factors and many more.The emergence of China as a global leader in growth has produced a need of a comparison between India and China so far as economic growth is concerned.China and India have managed a growth rate of 9.6 and 8.9 per cent respectively thereby making these two countries the top two advancing nations of the world.China’s semi-capitalist economy has already exceeded the economies of Japan, France and Germany to become the second largest economy behind USA.India with the present growth rate is already on the verge of entering into the top ten economies of the world in terms of nominal GDP* and top three in terms of purchasing power parity.

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