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Question : 42
Total: 49
Compare and analyse the following information related to Annual Growth of Gross Domestic Product (GDP) of India and China:
Annual Growth of Gross Domestic Product
(Source: Asian Development Bank, Philippines, World Development indicator - 2018)
Annual Growth of Gross Domestic Product
Country | 1980-90 | 2015-17 |
---|---|---|
India | 5.7 | 7.3 |
China | 10.3 | 6.8 |
(Source: Asian Development Bank, Philippines, World Development indicator - 2018)
Solution:
Comparison and analysis of GDP growth of India and China:
(i) In 1980-90, India's GDP growth rate was5.7 % and in 2015-17, India's GDP growth rate was 7.3 % .
(ii) In 1980-90, China's GDP growth rate was10.3 % and in 2015-17, China's Growth rate was 6.8 % .
(iii) In 1980-90, China was ahead of India i.e. China's GDP growth rate was double as of India's GDP growth Rate. It was due to the fact that China had started economic reforms in 1978 when India had not even started economic reforms.
(iv) China focused on manufacturing sector and SEZ for Foreign Investment. During that time, India was suffering from industrial sickness because of heavy dependence on PSUs.
(v) In 2015-17, India was ahead of China but not by major difference. It was only0.5 % . It was due to the fact that India focused on manufacturing in the country through Make In India Project.
(i) In 1980-90, India's GDP growth rate was
(ii) In 1980-90, China's GDP growth rate was
(iii) In 1980-90, China was ahead of India i.e. China's GDP growth rate was double as of India's GDP growth Rate. It was due to the fact that China had started economic reforms in 1978 when India had not even started economic reforms.
(iv) China focused on manufacturing sector and SEZ for Foreign Investment. During that time, India was suffering from industrial sickness because of heavy dependence on PSUs.
(v) In 2015-17, India was ahead of China but not by major difference. It was only
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