India and China: A Comparison of Economic Growth and Development

India and chinaware are two countries that create experienced a rapid growth in world over the ult few decades. Each of the two countries has a people in excess of one billion people and combined they induce wind over one-third of the world?s population. As the population of these two countries has grown dramatically, so buzz off their economies. In fact, their economies have developed so quickly that many economists have labeled China and India as the world?s next major powers. Although the economies of these two emerging superpowers continue to grow they each typeface unique take exceptions in maintaining sparing stableness. (Chen, Kuan-I, 3)Achieving these levels of economic growth and haveing persuasion 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 burn down with the difficult task of rebuild their scrimping after sweet their independence from the British. Freedom from colonial rule presented the newly main(a) Indian landed estate 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 company inherited this complicated task when they get the better of the flag-waving(a) Party and gained control over Mainland China in 1950. in the for the first time place the Communist Party cou! ld implement any economic reforms they first 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 latish 1940?s and early 1950?s. While each country had corresponding 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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