India and China: A Comparison of Economic Growth and Development

India and mainland China are two countries that create experienced a rapid growth in world over the past few decades. Each of the two countries has a population in excess of one billion people and combined they find over one-third of the world?s population. As the population of these two countries has grown dramatically, so select their economies. In fact, their economies have developed so quickly that many economists have labeled China and India as the world?s next major(ip) powers. Although the economies of these two emerging superpowers continue to grow they each slope unique gainsays in maintaining sparing constancy. (Chen, Kuan-I, 3)Achieving these levels of economic growth and haveing opinion 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 adve nt with the difficult task of rebuild their scrimping after sweet their license 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 stability without foreign assistance. China sought to gain economic stability after civil war had plagued the nation. The Chinese Communist fellowship inherited this complicated task when they prepare the better of the ultranationalistic Party and gained control over Mainland China in 1950. originally the Communist Party could implement any economic reforms they first off 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 late 1940?s and early 1950?s. While each country had kindred 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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